How to Maximize the Value of Your Board Meetings

Board meetings can be a great resource for your organization. In fact, they help you make quicker decisions, improve productivity and time-management skills, increase collaboration and bring your business closer to its goals.

They can be lengthy or confusing and can be dull. A lot of boards lack the proper structure or agenda for their board meetings.

The most important thing to have an effective meeting of a board is an agenda that clearly outlines the purpose of the meeting. It should also include all the documentation required prior to the meeting. It is important to limit the number of agenda items and avoid reusing items from one meeting into the next.

In the discussion portion of the meeting, be sure to focus on problems and challenges that are strategic rather than simply operational. This will allow you to make use of the diverse skills and interests of board members allowing you to have a more energetic discussion.

The board should have the opportunity to discuss, decide and assess strategies that will help your company achieve its objectives. This means defining and discussing concrete metrics to gauge the progress. This can be accomplished by appointing a ‘KPI’ to each strategy. For instance, the retention rate of clients or donors and the amount of revenue generated. Focusing your discussions on the most crucial issues that your company faces will maximize the value from every board meeting.

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