Board directors play an important role in the growth of your company. They can provide feedback, offer support or even make decisions that determine the direction of your business. Therefore, it’s crucial to hold effective board meetings. How do you accomplish this?
Start with the Most Important Items
The majority of your board meeting should be devoted to discussing how you can implement your company’s plans. This is the perfect opportunity to present specific KPI goals, which can be tracked and measured. Examples include net promoter scores and sales per region. This will help ensure that your board members are on the same page as the rest of the business and can work together to achieve shared objectives.
Don’t Get Sidetracked
Getting sidetracked by new discussion topics at a board meeting could easily consume the time of the meeting and distract board members from the most important agenda items. Instead, make sure that the chair is open with a 10 minute review of the most important information that is sought during the meeting, repeating highlights from the calls Full Report prior to the meeting and the board’s agenda.
If a new topic is brought up that’s not an issue, you can move it to the next item on the agenda, or plan it for an interruption. This will ensure that it isn’t being ignored and will create the impression that the board is actively listening to new ideas and perspectives.