An agenda is essential to maximizing the value of every board meeting. An agenda keeps participants on track, limits off-topic discussions and ensures all important issues are covered.
The first agenda item is typically a review of the minutes from the last meeting. This is done in order to remind home participants of previous discussions and to draw their attention to any issues that are still unresolved.
Next comes the big picture section in which the most recent progress is discussed. This could include the company’s building, milestones reached and vision goals for the future. This is an excellent place to get feedback and share ideas with co-directors.
The board then reviews the key performance indicators of the company. This can be anything from sales metrics to financials to customer support policies. It’s also a good moment to set the next quarterly goals for the company and brainstorm how to overcome any current obstacles to achieving these goals.
Once all of the major items are discussed, the board will proceed to any announcements or any other business that requires attention. This is the perfect time to pass on congratulations or other special acknowledgements for committees or individuals that have achieved success. The board can end the meeting by stating the date and any tasks that need to be completed prior the next meeting.