How to Maximize the Value of Your Board Meetings

Board meetings can be a valuable resource for your company. In reality, they can help you make quicker decisions improve productivity and time management skills, increase collaboration, and bring your company closer to its goals.

Yet, they can also be lengthy, confusing and boring. This is because a lot of boards don’t have a proper structure, schedule of meetings or agenda in place and even the ones that do, they’re typically not operated in a way that encourages maximum participation and effectiveness.

The most important thing to have a successful meeting of the board is having an agenda that clearly defines the purpose of the meeting. It should also include all the documentation required prior to the meeting. It is important to limit the number of items on the agenda and avoid reusing items from one meeting into the next.

In the discussion portion of the meeting, concentrate on issues and challenges that are strategic rather than just operational. This will activate board members’ different talents and interests, allowing you draw on a deeper reservoir of energy for your discussions.

The board should be provided with the chance to discuss and approve strategies that will move your company closer to its objectives as well as defining and discussing concrete metrics that will measure the progress. This can be done by assigning ‘KPIs’ to every strategy, like the retention rate of donors or clients and the amount of revenue that is acquired. Concentrating these discussions on the most crucial issues for your organization can maximize the value of every board meeting.

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