Running a successful board meeting requires a spirited agenda that is comprised of a mixture of updates and discussions. How can you ensure that the board members are engaged in discussions that are designed to develop strategies that will propel the company forward instead of just discussing information that has already been disseminated?
Prioritizing the most important points of discussion at the top of the agenda is crucial. This will allow the leaders to energize the meeting by getting to the meaty discussions early. It will also set a precedent that the meeting will not be just a recitation of reports. This will lessen the tendency to be distracted by new topics and waste time on activities that can be moved to later meetings or put into appendices of the board book.
Once the board has discussed and agreed upon the company’s goals, the next step is to create an action plan. This involves the identification and definition of specific metrics that are aligned with these goals, such as net promoter score (NPS) and customer retention and satisfaction and satisfaction, sales by region, or employee turnover.
During the discussion, it is important that the board consider the advantages and http://digitalboardarea.net/8-tips-for-running-a-successful-board-meeting disadvantages of each strategy. This will ensure that everyone knows what they agree to and that the decisions taken will have a positive effect on the business. It’s important to create an environment that respects board members so that they feel comfortable sharing their opinions and challenging prevailing ideas in a respectful manner.
