Board meetings are one of the most valuable things your board can do for your business. In reality, they can aid in making decisions faster increase productivity and time-management capabilities, boost collaboration and bring your business closer to its goals.
They can be long, confusing, and boring. Many boards do not have the proper format or agenda for their board meetings.
The key to the success of a meeting of a board is having an agenda that clearly defines the content of the meeting. It should also include all the necessary documentation before the meeting. It is important to limit the number of agenda items and to avoid reusing items from one meeting into the next.
In the discussion portion of the meeting, focus on problems and issues that are strategic in nature rather than just operational. This will help you tap into the different skills and preferences of board boardmaps members, which will allow for a more lively discussions.
The board should have the opportunity to discuss, approve and evaluate strategies that will aid your organization in achieving its objectives. This includes setting and discussing specific metrics to measure the progress. This can be accomplished by appointing a ‚KPI‘ to each strategy. For instance the retention rate of clients or donors and the amount of revenue generated. Focusing these discussions on the most crucial issues that your company faces will increase the value of every board meeting.