Board meetings can be an invaluable resource for your company. They can help you make quicker decisions improve productivity and time management capabilities, boost collaboration and help bring your business closer to its goals.
But, they can be lengthy boring, confusing, and confusing. This is because many boards do not have the right structure, board meeting schedule or agenda and even the ones that do, they’re typically not operated in a way that will ensure maximum participation and efficiency.
A crucial aspect of a successful board meeting is having an agenda that clearly spells out the content planned for the meeting and provides all the necessary documentation prior to the start of the meeting. It’s also essential to limit the number of items and avoid reusing agenda items from one meeting to the next.
In the discussion part of the meeting, be sure to focus on problems and issues that are strategic in nature rather than simply operational. This will bring out board members’ varied skill sets and interests, allowing you draw on more energy to engage in discussions.
The board of directors should be able to consider, approve and monitor strategies that can aid your organization in achieving its goals. This means setting and discussing specific metrics to gauge progress. This can be achieved by appointing a 'KPI’ to each strategy. For instance retention rates of donors or clients and the amount of revenue generated. Keeping the discussion focused on the most crucial issues for your organization will maximize the value of every board meeting.