Board meetings can be a great resource for your organization. They can help you make better decisions, boost your productivity and time management skills, increase your collaboration, and bring the company closer to its goal.
They can be long and confusing, as well as boring. Many boards do not have the proper structure or agenda for their board meetings.
A key element to a successful board meeting is having an agenda that clearly spells out the content planned for the meeting and includes all necessary documentation ahead of the session. It is essential to limit the amount of items that are on the agenda and to avoid reusing items from one meeting to the next.
Be sure to concentrate on issues and issues that are strategic in nature, instead of those that are strictly operational. This will allow you to tap into the different skills and preferences of board members, making it possible to have a more energetic discussion.
The board should have the ability to discuss, approve and evaluate strategies that will help your organisation achieve its goals. This means setting and discussing specific indicators to measure progress. This can be accomplished by assigning ‘KPIs’ to every strategy, like retention rates of donors and clients and acquired revenue levels. Concentrating these discussions on the most crucial concerns for your organization will increase the value of every minute of your board meetings.
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