A board meeting is a chance to discuss important strategic issues, and to make important decisions that will help your company succeed. However, if the meeting isn’t well planned or executed it can be ineffective and waste valuable time for the board members. Knowing the common mistakes can help you ensure your board meetings are productive and effective.
1. Overcrowding Your Agenda
Many topics are discussed in a single meeting, which leads to rushed discussions. It is also difficult to keep people engaged in this kind of discussion.
2. Poorly prepared board documentation
It is crucial to distribute all the necessary information to board members prior to the meeting. This includes the meeting agenda as well as the minutes from previous meetings, the report of the committee, the book for the board along with proposed policies and other pertinent information.
3. Not following up on action items
It is crucial to communicate your actions immediately following the meeting. This will allow you to avoid the dreadful problem of not taking action on the outcomes of your board meetings.
To achieve the most effective results, it is crucial that every member of the board is able to participate in the decision-making process. This requires establishing an environment in which diverse perspectives are valued and combined to make a well-rounded decision. This can be achieved by ensuring that all board members have the opportunity to be part of every meeting and that the results of board decision-making are recorded promptly.
https://www.onlineboardmeeting.org/main-principles-of-good-corporate-governance/