Board directors are crucial in the growth of your business. They can provide feedback, support or even make decisions that guide your business. It’s therefore important to have effective board meetings. How can you do this?
Begin with the Most Important Items
Your board meeting should focus on the way to implement your company’s strategy. This is the perfect time to set out specific KPI goals that can be tracked and measured. Examples include net promoter scores and sales per region. This will ensure that your board is in sync with the rest of the organization and works together as a team toward agreed-upon goals.
Don’t get lost
Being distracted by new discussion topics during the board meeting could easily consume meeting time and divert board members from the most important agenda items. Instead, make sure that the chair is open with a 10 minute recap of the main suggestions that will be sought at the meeting, while reiterating highlights from pre-meeting phone calls and the board package.
Also, if a new topic does arise that isn’t a top priority, consider pushing it to the end of the agenda and scheduling it during breaks. This will ensure that it isn’t being ignored and will give a sense that the board is looking for new ideas and perspectives.