Running a successful board meeting requires strategic thinking and a responsible follow-up. The more board members feel valued for their time and expertise, the more they will participate in the discussion.
Start your meeting on time so that you keep everyone on track.
Consider creating an agenda for a consensus. This will reduce the amount of time in meetings by providing reports and documents that all members must review prior to the meeting. You won’t have to waste your time in meetings explaining these items.
Encourage board members to be involved by offering diverse perspectives even if their opinions are not in agreement. Boards are more effective when there is a diversity of views on an issue. This creates innovative solutions that benefit the company.
Every board meeting should be based on clear goals and a priority for effective planning. This ensures that the board has a sound strategy to reach its goals and to manage any risk that may arise.
You might want to schedule a quick meeting with directors before your board meetings in order to discuss the major issues at hand. This will allow you to build trust with directors, get them acquainted and give them a solid basis on the basis of which they can make their decisions. You might want to consider using tools to collect feedback from your board following each meeting. This can be done with open-ended questions or a simple polling program. The more you learn the feedback of your participants on how their board meeting went the more valuable data you’ll be able to use next time.