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How to Maximize the Value of Your Board Meetings
28.10.2024 1:00 | Autor: Milan Folkman
Board meetings are among the most valuable things your board can do boardroomcommunity.com/full-guide-to-better-board-meetings/ for the company you run. They can help you make better decisions, boost your productivity and time management abilities, boost your teamwork, and help bring the company closer to its goal.
They can be long and confusing. They can also be boring. The reason for this is that many boards don’t have the right structure, schedule of meetings or agenda in place, and even if they have them, they’re not usually organized in a way that maximizes participation and efficiency.
The key to a successful meeting of a board is an agenda that clearly outlines the agenda for the meeting. It should also provide all the necessary documentation before the meeting. It’s important to limit the amount of items that are on the agenda and to avoid reusing items from one meeting into the next.
Make sure to focus on issues and problems of a strategic nature rather than those that are strictly operational. This will draw out board members‘ different talents and interests, helping you tap into a deeper reservoir of energy to engage in discussions.
The board of directors should be able to discuss, approve and measure strategies that can help your company achieve its goals. This means defining and discussing concrete measures to gauge the progress. This can be accomplished by assigning ‚KPIs‘ to each strategy, such as the retention rate of donors or clients and the amount of revenue that is acquired. Focusing your discussions on the most important issues for your organization can maximize the value of every board meeting.
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