If you’re getting more yawns, pained expressions and absenteeism about your meetings, it’s possible your board has lost its focus. You may have lost that spirit, so now you have to get a little analytical and find a way to get it back.
Revive your Board Meetings
What if you consider each of the top reasons an area of examination — where you need to assess your performance in running meetings that get results?
From boredom to confusion to hidden conflicts, your board meetings can be re-energized and made more productive if you’re clear about why they’re needed. The success of your business or government department depends on the quality of board meetings and their execution.
Top 10 Reasons you need Board Meetings:
So here’s our list of reasons why board meetings are essential to progressive and successful companies. Keep these in mind as you plan your next meeting and set priorities.
- Briefing and minute keeping – ensuring directors are informed about financial performance, current operations and future requirements, and record meeting motions and results.
- Goal setting – to establish specific goals and follow up on them
- Make board members accountable – ensuring board members carry out assignments and provide valuable feedback on performance and issues.
- Orientation and work organization – to provide managers with proper direction on strategy and tasks and to allocate funding
- Discussion and sharing – to disseminate specific information and get feedback on it
- Motivation – motivating and retaining board members is important and each needs appreciation, support and encouragement.
- Conflict resolution – to discover and resolve obvious and hidden conflicts that hamper business performance
- Legal compliance – to meet corporate regulatory demands & discuss other legal matters
- To vote intelligently – members are more likely to vote more intelligently when in presence of other board members
- Bringing committee members together – to introduce and support group activities such as sub-committees and ensure they are working well.
Out of all of these reasons for holding board meetings, information sharing and discussion is the most important. Without good information flow, everything from goal achievement to accountability are likely to suffer.
If you consistently keep any eye on these priorities in your meetings, you’re far less likely to fall victim to disappointments, poor productivity, losing board members, and you’ll ensure your company staff work well to achieve your corporate goals. If something goes wrong, you’ll find it easier to trace back to where the problem originated.