Board directors are vital in the growth of your business. They are able to provide feedback, offer support or make decisions that affect the direction of your company. It is therefore crucial to have effective board meetings. But how do you do this?
Begin by highlighting the Most Important Items
The meeting of your board should be focused on how to implement your organization’s strategy. This is the perfect opportunity to discuss concrete KPI goals, which can be tracked and measured. Examples include net promoter scores and sales per region. This helps ensure that your board is in harmony with the rest of the company and can work together to achieve shared objectives.
Don’t Get Sidetracked
Sidetracked by new topics of discussion at the board meeting, board members could quickly lose sight of the most important agenda items. Instead, let the chair open with a 10 minute recap of the main inputs that will be sought during the meeting, repeating highlights from pre-meeting calls and the board’s agenda.
If a new topic is discussed that isn’t important, you can shift it to the final item on the agenda or schedule it after an interruption. This will ensure that it isn’t being brushed aside and will provide the impression that the board is taking note of new ideas and perspectives.