A productive board meeting is a critical element of a successful governance. It’s the time when the Board of Directors comes together to discuss and decide on company-critical issues, making sure that the company is heading in the right direction. It may be difficult however, there are simple guidelines www.boardroomhub.info/implementation-of-a-comprehensive-it-strategy/ to follow that will help you have productive meetings and make the right decisions.
It is essential to plan ahead and communicate the agenda with everyone prior to the meeting. A clear agenda will outline the most important issues to be discussed, and set a reasonable amount of time for each discussion. This prevents meetings from going off-topic or getting bogged down in repetition, or becoming a forum for only few people to participate instead of an inclusive discussion of the all members of the Board.
Prioritize only two key issues to be addressed during every meeting. This is a common best method to help focus discussions and limit the number of items to be discussed during the meeting. This allows more time to focus on each topic and the decision to be made, as opposed to just sharing updates. The board book allows easy sharing of updates and a little time can be allocated to them during the meeting.
Make clear how decisions will be made. This will ensure that all participants are aware of the process of making decisions and will be on the same team when it comes to resolving disagreements and achieving consensus. It also sets expectations about the type of discussion to be held at the meeting, including finding common ground, discussing the various perspectives, or solving disagreements through a vote.