Board directors play an important role in the development of your company. They can provide feedback, support or even make decisions that guide your business. Therefore, it’s vital to have productive and engaging board meetings. What can you do to achieve this?
Begin with the Most Important Items
Your board meeting should focus on the way to implement the company’s plan of action. This is the perfect time to bring up specific KPI goals that can be measured and tracked, such as net promoter scores, sales by region, as well as employee retention and the churn rate. This will ensure that your board members are on the same page with click to read the business’s other departments and will work together to achieve shared objectives.
Don’t Get Distracted
Distractions from new discussion topics at the board meeting could easily consume meeting time and distract board members from the most important agenda items. Instead, the chair should open with a 10 minute recap of the key suggestions that will be sought at the meeting. Reiterating highlights from pre-meeting calls and the board package.
If a new topic does arise that isn’t a top priority, consider moving it to the end of the agenda and rescheduling it following breaks. This will prevent it from being overlooked, and it will also provide the impression that the board is actively listening to new ideas and perspectives.