- May 15, 2024
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Board directors are vital for the growth of your business. They can provide feedback, help or even make decisions that shape the direction of your business. It is therefore crucial to have productive board meetings. How do you achieve this?
Begin with the Most Important Items
The meeting of your board should be focused on how to implement the strategy of your company. This is the ideal time to discuss specific KPI goals, which can be measured and tracked. Examples include net promoter scores as well as sales by region. This will help ensure that your board is on the same https://americanboardroom.com/explore-the-influence-of-real-estate-data-room/ page with the rest of the business and can collaborate to achieve agreed-upon goals.
Don’t Get Distracted
Being distracted by new discussion topics at a board meeting could easily consume meeting time and distract board members from the most important agenda items. The chair should instead begin the meeting with a brief summary of the most important inputs sought during the meeting. This should include reiterating the important points from the meeting’s pre-meeting call and the board’s package.
If a new topic is brought up that’s not an immediate priority, you could move it to the next item on the agenda, or schedule it to be discussed after a break. This will prevent the subject being brushed aside and gives the impression that the board is open to new ideas.