Board directors play a critical role in the growth of your company. They can give feedback, offer support or make decisions that shape the direction of your company. Therefore, it is essential to have effective board meetings. How do you achieve it?
Begin with the Most Important Items
The meeting of your board should be focused on how you can implement the company’s plan of action. This is the perfect time to present concrete KPI how to run a board of directors meeting goals that can be tracked and measured like net promoter scores, sales per region, and retention and the churn rate. This will ensure that your board members are on the same page with the rest of the company and can work together to achieve common goals.
Don’t get distracted
The constant discussion of new topics at the board meeting can quickly consume the time of the meeting and distract board members from the most important agenda items. Instead, the chair should open with a 10 minute review of the most important suggestions that will be sought at the meeting. Reiterating highlights from the calls prior to the meeting and the board’s agenda.
Also, if a fresh subject arises that isn’t a top priority, consider pushing it to the end of the agenda and arranging it after any breaks. This will prevent it from being ignored, and it will also give a sense that the board is actively looking for new ideas and perspectives.