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Running a Successful Board Meeting
A dynamic agenda is essential for an effective meeting. It should include a mix of updates and discussions. What can you do to ensure that the board is engaged in discussions that will create strategies that propel the business forward, instead of simply discussing the information that was disseminated?
The importance of putting the most important topics of discussion at the top of the agenda is crucial. This will allow the leaders to get meetings moving by starting the meaty discussion before the meeting. It will also establish a precedence that the meeting is more than a mere recital of reports. This will reduce the tendency to get distracted by a new topic or spend time on activities that can be shifted to future meetings.
After the board has discussed and agreed upon the organization’s strategies, the next step is to create an action plan. This includes identifying and defining concrete metrics that align with the goals such as net promoter score (NPS) and customer retention and satisfaction sales by region or the turnover of employees.
During the discussion it is crucial that the board considers the pros and cons for each strategy. This will ensure that everyone understands what they’re committing to and that the decisions will have a positive impact on the business. It is crucial to establish an environment that values the board members so that they feel comfortable speaking their minds and challenging established ideas in a respectful way.
