Board meetings are among the most valuable things your board can do for your organization. They can help you make better decisions, boost your productivity and time management skills, increase your teamwork, and help bring your business closer to achieving its objectives.
However, they can be long and confusing. Many boards lack the right plan or structure for their board meetings.
A key element to a successful board meeting is having an agenda that clearly lays out the purpose of the meeting, and also provides all necessary documentation prior to the start of the meeting. It’s also essential to limit the number of items and avoid reusing agenda items from one meeting to the next.
Focus on issues and challenges of a strategic nature instead of ones which are purely operational. This will help you draw out the various skills and preferences of board members, allowing you to have a more energetic discussion.
The board of directors should be able to discuss, approve and measure strategies that will help your company achieve its goals. This means defining and discussing concrete indicators to measure the progress. This can be accomplished by assigning ‘KPIs’ to each strategy, including retention rates of donors and clients and the amount of revenue that is acquired. Focusing these discussions on the most critical issues for your organisation will increase the impact of every minute of your board meetings.
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