Board meetings can be a great resource for your organization. They actually help you make decisions faster improve productivity and time management skills, increase collaboration and help bring your business closer to its goals.
But, they can be long boring, confusing, and confusing. A lot of boards lack the proper structure or agenda for their board meetings.
The key to the success of a meeting of the board is to have an agenda that clearly outlines the agenda for the meeting. It should also include all the necessary documentation before the meeting. It’s important to limit the number of agenda items and avoid reusing items from one meeting into the next.
Focus on issues and challenges that are strategic in nature, rather than those that are strictly operational. This will activate the board members’ diverse skills and interests, allowing you draw on a deeper reservoir of energy for your discussions.
The board should be given the chance to discuss and approve strategies that will move your organisation closer to its goals including 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 level of revenue acquired. Focusing these discussions on the most important issues that your company faces will maximize the value from every board meeting.