A successful board meeting requires a fluid agenda that is comprised of a mixture of discussions and updates. But how can you ensure that the board members are engaged in discussions focused on developing strategies to propel the business forward instead of simply discussing information that has already been disseminated?
Prioritizing the most important points of discussion at the top of the list is essential. This will encourage the leadership to get meetings moving by getting to the meaty discussion before the meeting. It will also establish a precedence that the meeting is more than a mere report-writing exercise. This will lessen the likelihood of getting distracted by a new topic or spend time on activities that could be moved to subsequent meetings.
After the board has discussed the organization’s strategy and reached a consensus, the next step is to develop an action plan. This involves identifying and defining concrete metrics that are aligned with the goals like net promoter score (NPS) and customer retention and satisfaction sales by region or employee turnover.
During the discussion, it’s important for the board to explore the advantages and disadvantages of each strategy. This will ensure everyone understands the principles they accept and that the decisions made will have a positive effect on the business. It is also important to establish an environment of respect so that the board members feel comfortable expressing their opinions and challenging preconceived beliefs in a respectful manner.
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