Getting the Most Out of Your Board Meeting Agenda
To get the most value from every board meeting starts with a well-planned agenda. An agenda helps participants stay on task keeps them on track, prevents off-topic discussions and ensures that all of the essential subjects are covered.
The first item usually involves the review of the minutes of the previous meeting. This is done to refresh the minds of attendees about previous discussions and to identify any unresolved issues that need to be addressed.
The next step is the big picture section in which high-level progress is shared. It could include milestones reached in the company’s development, as well as future vision goals. This is a great place to get feedback and discuss ideas with fellow directors.
Finally, the board goes over key performance indicators for the company. It could be sales and financial metrics, or customer support policies. This is an excellent time to establish quarterly goals for your company and brainstorm strategies to overcome any challenges currently.
After all the important issues have been discussed, the board is able to move on to any announcements or any other business that might require attention. This is a great opportunity to pass on any congratulations messages or other recognitions for employees in the company or for committees that have succeeded. The board may conclude the meeting by stating dates and any work to be completed prior to the next meeting.