Developing a Dynamic Agenda for Board Directors Meetings
Boards have seen many changes in the last couple of years as they adapt to changing realities. Board directors are discovering ways to communicate and meet their oversight responsibilities despite the rapid pace of regulatory change, the COVID-19 pandemic and geopolitical turmoil.
A well-organized agenda is crucial to ensure that board meetings are productive and efficient. The right mix between strategic topics and management presentations will assist your board in achieving its objectives while avoiding time-wasting distractions.
A dynamic agenda for your board starts with the most important items, enabling your team to get to work quickly and stay on track. It also includes a parking item to encourage discussion off-topic subjects that should be left to your next meeting.
Make sure you are prepared for board meetings by providing concise executive summaries and papers for board meetings instead of lengthy summaries. This will help directors focus on the most important issues for a rich discussion. You may also want to americanboardroom.com consider including additional information and background information to assist your board members comprehend the issues at the table. This could include market data (such as retention and acquisition rates) or financial statements of the company and key performance indicators or milestones in the development of products.
Be careful when discussing sensitive legal matters in board meetings without the company’s general counsel present. You must be mindful of preserving attorney-client privilege which shields the company from discovery in the event of a lawsuit against a member of the board.
