Board directors are crucial to the growth of your business. They can provide feedback, offer support or even make decisions that influence the direction of your business. It’s therefore important to have productive board meetings. What can you do to achieve this?
The bulk of your board’s meetings should be focused on discussing how to implement the company’s strategies. This is the perfect time to set out specific KPI goals that can be tracked and measured like net promoter scores, sales by region, and employee retention and churn rates. This will ensure that your board members are on the same page with the other employees and can work together to reach common goals.
Being distracted by new discussion topics at the board meeting can quickly consume meeting time and divert board members from the most important agenda items. The chair should instead start the meeting by providing a summary of the most important inputs that will be sought during american board room the meeting. This should include reiterating the important points from the pre-meeting call as well as the board’s agenda.
Also, if a fresh topic arises that’s not a top priority, consider moving it to the end of the agenda, and then scheduling it following breaks. This will help to avoid the topic from being ignored and will give the impression that the board is open to new ideas.