An agenda is essential to getting the most from every board meeting. A plan helps keep the participants on the right track, stops off-topic discussions and ensures all important topics are covered.
The first item of the agenda is usually the review of the minutes from the previous meeting. This is done in order to remind the attendees of previous discussions and draw their attention to any issues that remain not resolved.
The next step is the big picture section in which the latest progress is presented. This could include company building milestones achieved and vision goals for the future. This is an excellent place to share new ideas and get feedback from your colleagues in the directorship.
Finally, the board goes over the key performance indicators of the company. This could range from financials to sales metrics to customer support policies. This is the perfect time to set quarterly goals for your company and brainstorm ways to conquer any current hurdles.
After all the important issues have been discussed, the board is able to move on to announcements or other business which may require attention. This is a great time to send congratulatory messages, or other special remark for individuals or committees who have achieved success. The board can conclude the meeting by stating an agenda and any tasks that must be completed before the next meeting.