A board meeting is an essential element in the decision-making procedure for a business. The goal is to ensure that the company’s governance processes are carried out in a streamlined and transparent manner. This means implementing best practices in terms of productivity and strategic decision-making.
One of the first actions to take during a board session is to establish the structure of the board, including committees and governance guidelines. This establishes an excellent foundation for the future and allows board members to make the most effective decisions right from the beginning.
A review of the performance metrics like sales, marketing traffic and market share is another important aspect to be included in the board meeting to determine whether or not goals have been achieved. Board members also have the opportunity to brainstorm ways to get around roadblocks.
Distractions from new topics for discussion can eat up the time during the board meeting and distract from important agenda items. This can be minimized by adding the word “parking lot” on the final page of the agenda of the board where unrelated subjects can be left to be discussed at a later time.
Some companies begin their board meetings by telling a story that is a success story to avoid boring meetings. This is an excellent method to refocus on the attendees and boost participation levels. You can also kick off the meeting by asking a simple question or recognizing the achievements of a colleague before the main discussion. Lastly, using the right video conference management software can keep meetings on track and keep them energized. Moderators who are using the appropriate platform can muffle or unmute remote microphones and cameras and also remove people from the conference, and assign speakers.
https://discoverlocalshops.org/board-meeting-etiquette-tips/