Board meetings are one of the most valuable things that your board can do for your company. They actually help you make quicker decisions improve productivity and time management capabilities, boost collaboration, and bring your company closer to its goals.
They can be long or confusing and can be dull. Many boards lack the right structure or agenda for their board meetings.
A crucial aspect of a successful board meeting is having an agenda that clearly lays out the purpose of the meeting and provides all necessary documentation in advance of the session. It’s important to limit the amount of items on the agenda and avoid reusing items from one meeting into the next.
In the discussion portion of the meeting, concentrate on problems and issues that are strategic rather than just operational. This will help you draw out the various skills and desires of board members, making it possible to have a more lively discussions.
The board should be provided with 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 accomplished by assigning a „KPI“ to every strategy. For example the retention rate of clients or donors and the amount of revenue generated. Concentrating these discussions on the most critical issues facing your organization will maximize the effectiveness of every moment of your board meetings.