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Best Practices for Successful Board Meetings

Best Practices for Successful Board Meetings

Meetings at the Board are essential to helping achieve company goals, preventing conflict and making sure that the company is in compliance with regulations. But they can only be productive if everyone is involved and committed to fostering constructive dialogue. By implementing these best practices, you can transform your Board meetings into powerful engines that drive your business toward its long-term strategy and objectives.

Establishing clear expectations and meeting procedures is the first step in organizing a well-run board meeting. It is essential to identify who is responsible for each item on the agenda and ensure that all attendees understand what they can expect.

Setting and adhering to the timeframes for each agenda item can help keep the focus of the meeting. This helps attendees feel that they are valued. Consider limiting the number of items on your agenda so that your board members have enough time to debate each one effectively. The items that aren’t controversial can be voted on via the consent agenda to allow more time for discussion of strategic issues (BoardEffect). Use visual tools like countdown timers to monitor your time, particularly when dealing with sensitive subjects.

Distractions in discussions can result in unnecessary meetings and divert attention from the goal of meeting. Include a “parking area” on the agenda for topics which require further investigation or consideration, but aren’t at the top of your list. Be sure to check back regularly the parking lot to assess what needs to be further investigated or added to the agenda or assigned as tasks.

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Emilio

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