Developing a Dynamic Agenda for Board Directors Meetings

The past few years have seen waves of change to boards as they adapt to changing circumstances. From a constant flow of regulatory changes to the COVID-19 epidemic, geopolitical upheaval and emerging technologies board directors are seeking new ways to interact with each other and execute their oversight duties.

Developing a dynamic agenda is an essential element to ensuring that board meetings are both productive and efficient. A well-balanced mix of the management and strategic topics will help your board achieve its goals while avoiding distractions that waste time.

A dynamic board agenda begins with the most important issues that allow your team to begin quickly and remain focused. It also includes an item called parking lot for discussions off topic which can be put off until the next meeting.

When you prepare for your board meetings, provide brief executive summaries rather than lengthy descriptions. This will enable directors americanboardroom.com/explore-the-influence-of-real-estate-data-room to concentrate their attention on the questions which are the most crucial to an engaging debate. You may also want to consider including additional information and background to aid your board members comprehend the issues at the table. This could include market data (such as retention rates for customers and acquisition rates), company financials as well as key performance indicators or milestones in the development of products.

Avoid discussing sensitive legal issues in board meetings if the general counsel isn’t present. You must be mindful of the attorney-client privilege which protects the company from discovery in the event of a lawsuit against a board member of the board.