A board meeting is an opportunity to discuss strategic issues and take decisions that will lead to the success of your business. If the meeting isn’t well-planned or executed, it could be ineffective and waste valuable board member time. Knowing the common mistakes can help ensure that your board meetings are productive and efficient.
1. Overcrowding Your Agenda
A lot of topics are discussed in one meeting, which can lead to rapid discussions. This kind of discussion can be difficult to maintain.
2. Documents for boards https://www.onlineboardmeeting.org/main-principles-of-good-corporate-governance/ that are poorly prepared
It is important to distribute all the necessary materials to the board members prior to the meeting. This includes the agenda, past minutes and the board book. It also includes committee reports, proposals for policy and other relevant information.
3. Not following up on actions items
It is important to communicate your actions immediately following the meeting. This will help you avoid the dreadful problem of not acting on the outcomes of your board meetings.
In order to achieve the most effective results, it is critical that every board member is given a voice in the decision-making process. This requires establishing a culture where diverse viewpoints are valued and consolidated in order to make a an informed decisions. This can be achieved by making sure that all members are able to contribute to every meeting, and by ensuring that results of the board’s decision-making are documented promptly.