How to Maximize the Value of Your Board Meetings

Board meetings are among the most valuable things that your board can do for your organization. They can assist you in making better decisions, boost your productivity and time management abilities, boost the collaboration of your employees, and move the company closer to https://www.boardroomcommunity.com/boardspace-board-management-software-review/ its goal.

However, they can be long and confusing. This happens because many boards don’t have a proper structure, board meeting schedule or agenda and even when they do, they’re often not operated in a way that ensures maximum engagement and efficiency.

A key element to a successful board meeting is having an agenda that clearly spells out the purpose of the meeting, and also provides all the necessary documentation prior to the start of the meeting. It’s also important to limit the number of agenda items and avoid reusing agenda items from one meeting to the next.

In the discussion part of the meeting, you should focus on problems and issues that are strategic in nature, rather than simply operational. This will allow you to draw out the various skills and interests of board members making it possible to have a more lively discussions.

The board should be provided with the chance to discuss and approve strategies that bring your organization closer to its objectives as well as defining and discussing concrete metrics that will measure the progress made. This can be accomplished by assigning a ‘KPI’ to every strategy. For instance, the retention rate of donors or clients, and the amount of revenue generated. Keeping these discussions focused on the most critical issues that your company faces will increase the effectiveness of every minute of your board meetings.