A lively agenda is crucial for an effective meeting. It should include an assortment of updates as well as discussions. How can you ensure the board is engaged in discussions that lead to strategies that drive the company forward, rather than discussing the information that was shared?
It is crucial to place the most important discussions at the top of the agenda. This will motivate the leadership to energize the meeting by getting into the meaty discussions early. It will also set a precedent that the meeting will not be an exercise in reciting reports. This will decrease the tendency to get distracted by new topics or to waste time on http://digitalboardarea.net/8-tips-for-running-a-successful-board-meeting activities that could be moved to later meetings.
After the board has discussed the company’s strategy and came to an agreement the next step is to formulate an action plan. This includes identifying specific metrics that align with the objectives, such as the net promoter score, customer retention and satisfaction levels regional sales, or employee turnover.
During the discussion, it’s important that the board explores the pros and cons of each strategy. This will ensure that everyone is completely clear about the terms they’re committing themselves to and ensure that the decisions will have a positive effect on the business. It’s also important to create a culture of respect, to ensure that the board members feel comfortable in expressing their opinions and challenging prevailing notions respectfully.