Board meetings can be a great resource for your company. They can assist you in making better decisions, increase your productivity and time management skills, enhance your teamwork, and help bring your company closer to its goals.
They can be lengthy, confusing, and boring. Many boards don’t have the right plan or structure for their board meetings.
The most important thing to have the success of a meeting of the board is having an agenda that clearly defines the content of the meeting. It should also provide all the necessary documentation before the meeting. It’s important to limit the number of agenda items and avoid reusing items from one meeting into the next.
Focus on issues and challenges that are strategic in nature, instead of ones that are strictly operational. This will allow you to make use of the diverse skills and preferences of board members, and allow you to engage in more energetic discussion.
The board should be given the chance to discuss and approve strategies that will move your organisation closer to its objectives, including defining and discussing specific metrics that will be used to measure progress. This can be done by assigning ‘KPIs’ for every strategy, like client or donor retention rates and levels of acquired revenue. Focusing these discussions on the most crucial issues for your organization will increase the value of every board meeting.