Developing a Dynamic Agenda for Board Directors Meetings

Boards have seen many changes in the last couple of years as they adapt to the changing environment. From constant regulatory changes to the COVID-19 cholera pandemic new technologies and geopolitical turmoil, board directors are finding new ways to communicate with each as well as fulfill their oversight duties.

A dynamic agenda is essential to ensure that board meetings are productive and efficient. The right combination of topics that are strategic and management presentations can help your board reach its goals, while also allowing you to stay clear of time-wasting distractions.

A lively agenda for your board begins with the most important issues that allow your team to start quickly and stay focused. It also includes an item called parking lot for off-topic discussions that can wait until the next meeting.

When preparing for your board meetings, make sure you provide concise board papers and executive summaries, not long descriptions. This will allow directors to focus on the most important questions for a rich discussion. It is possible to include additional information to help your board be aware of the issues. This board directors’ meetings could include market information (such as retention rates or acquisition rates), financial data, key performance indicators or product development milestones.

Be careful when discussing sensitive legal matters in board meetings without the company’s general counsel present. The attorney-client privilege is crucial to protect. It safeguards your business in the event of there is a lawsuit filed against any board member.