Board directors are essential to the success of your business. They are able to provide feedback, assistance or even make decisions that will determine the direction of your business. Therefore, it is essential to have effective board meetings. How do you achieve this?
Begin with the Most Important Items
The meeting of your board should be focused on the way to implement the company’s plan of action. This is the time to present concrete KPI goals that can be measured and tracked, such as net promoter scores, sales by region, as well as employee retention and churn rates. This will help ensure that your board members are on the same page with the rest of the company and can work together to reach common goals.
Don’t get lost
Distracted by the new topics of discussion during the board meeting, board members could easily lose track of the most important agenda items. Instead, the chair should start with a 10 minute review of the most important input that will be sought at the meeting, while reiterating highlights from the pre-meeting call and the board package.
Also, if a fresh subject arises that isn’t an immediate priority, consider pushing it to the end of the agenda, and then scheduling it following breaks. This will prevent the topic from being overlooked and will give the impression that the board is open to new americanboardroom.com ideas.