Board meetings are among the most valuable things that your board can do for the company you run. They actually assist you in making quicker decisions increase productivity and time-management skills, increase collaboration and bring your business closer to its goals.
They can be long and confusing, as well as boring. This is because a lot of boards don’t have a proper structure, schedule of meetings or agenda and even when they have, they’re usually not organized in a way that will ensure maximum participation and efficiency.
The most important thing to have an effective meeting of a board is having an agenda that clearly defines the purpose of the meeting. It should also include all the necessary documentation before the meeting. It’s also important to limit the number of agenda items and avoid reusing agenda items from one meeting to the next.
In the discussion part of the meeting, concentrate on issues and issues that are strategic in nature rather than just operational. This will draw out board members’ various abilities and interests, allowing you to draw on a deeper reservoir of energy to engage in discussions.
The board should have the opportunity to discuss, approve and measure strategies that will assist your organization in reaching its goals. This means discussing and defining concrete measures to gauge progress. This can be accomplished by assigning ‘KPIs’ for each strategy, including client or donor retention rates and acquired revenue levels. Focusing your discussions on the most important issues that your company faces will increase the value of every board meeting.