Getting the most out of every board meeting begins with a well-planned agenda. An agenda helps keep participants on track, limits discussions that are not on topic and ensures that all important subjects are covered.
The first item on the agenda is usually a review of minutes of the last meeting. This is done in order to remind the attendees of previous discussions and to bring to their attention any issues that are still unresolved.
The next step is the big picture section, where the top-level achievements are shared. This could include company development milestones, achievements and vision goals for the future. This is an excellent place to receive feedback and share ideas with colleagues in the directorship.
The board reviews the most important performance indicators of the company. This could range from sales and financials to customer support policies. This is a great time to establish quarterly goals for your business and brainstorm strategies to overcome any obstacles currently.
After all major issues are addressed, the board can move on to announcements or other issues that might require attention. This is a great time to give congratulatory messages or other special remark for individuals or committees who have achieved success. The board can conclude the meeting by stating the date and any tasks that must be completed prior to the next meeting.