Board meetings are crucial to supporting company goals, preventing conflict and making sure that the company is in compliance with regulations. However, they can only be effective if everyone is able to foster constructive dialogue. Implementing these best practices will transform your Board meetings to dynamic engines that view post nowabout boardvantage portal review push your business towards its long-term goals and vision.
The first step to run an effective board meeting is to set clear expectations and establish meeting protocols. It is essential to clearly define who is responsible for every item on the meeting agenda and ensure that all attendees are aware of what they can expect.
Setting and adhering to the timeframes for each agenda item helps to ensure that the meeting is focused throughout. It also lets attendees know that their time is valuable. Limit the amount of agenda items to ensure that your board members have the ability to discuss each item efficiently. The voting process for non-controversial issues could be done through a consensus agenda, which will free time for discussions on strategic issues. Use visual tools such as countdown timers and adhere to the time frames you have set especially when dealing with sensitive issues.
Discussions that are tangled can lead to unnecessarily long meetings and distract from the goal of meeting. To prevent this from happening, add the word “parking lot” on the agenda for issues that require further investigation or consideration however are not at the top of the list. Always check in on the parking area for the purpose of determining what needs to be added to the agenda, studied further or delegated.