Board meetings are essential for the achievement of company goals, as well as preventing conflicts and making sure that compliance is maintained. However, they can only be successful if everyone is involved and committed to fostering constructive dialogue. Implementing these best practices can transform your Board meetings to dynamic engines that will propel your organization towards its long-term goals and vision.
Setting clear expectations and meeting protocols is the first step in conducting a well-organized board meeting. It is about clearly identifying who is responsible for each item on the agenda, and ensuring that all participants have a full understanding of what is expected from the meeting.
By establishing and adhering to time limits for each item on the agenda, you’ll be in a position to keep your focus throughout the meeting. This lets attendees know that they are valued. Limit the number of agenda items to ensure that your board members can debate each item in a productive manner. The items that aren’t controversial can be voted on via an agenda of consent to free more time for discussions on strategic issues (BoardEffect). Utilize visual tools like countdown timers for keeping track of your time, particularly when dealing with sensitive subjects.
Unproductive discussions can result in unnecessary meetings and divert attention from achieving goals. To prevent this from happening, add the word “parking lot” on the agenda for subjects that require further research or consideration but aren’t at the top of the list. Make sure you regularly check the parking lot to determine what should be researched further or added to the agenda or delegated as a task.
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