Board directors are essential for the growth of your business. They can provide feedback, support or even make decisions that will influence the direction of your business. Therefore, it is essential to have productive board meetings. What can you do to achieve this?
Start with the Most Important Items
Your board meeting should focus on the implementation of your organization’s strategy. This is the perfect time to set out specific KPI goals, which can be tracked and measured. Examples include net promoter scores as well as sales by region. This will help ensure that your board is in sync with the rest of the business and can work together to achieve the same goals.
Don’t Get Sidetracked
Distractions from new discussion topics during the board meeting can easily eat up meeting time and distract board members from the most important agenda items. The chair should instead open the meeting with a recap of the most important information to be sought during the meeting. This should include reiterating the key points from the pre-meeting call as well as the board package.
If a new issue is brought up, but it’s not a priority, you can put it on the last item on the agenda, or plan it for an interruption. This will ensure that it isn’t being glossed over, and it will also make it clear that the board is actively taking note of new ideas and perspectives.