An agenda is essential to maximizing the value of every board meeting. An agenda helps keep participants on the right track, stops discussions that aren’t on the agenda, and makes sure all important subjects are covered.
The first agenda item is usually a review of minutes of the previous meeting. This is done to remind attendees of prior discussions and to draw their attention to any issues that are still unresolved.
Next comes the big picture, where the top-level achievements are shared. This could include company building milestones and achievements, as well as vision goals for the future. This is a great place to discuss new ideas and get feedback from your fellow directors.
The board also goes over the key performance indicators of the company. It could be sales metrics, financials or customer support policies. This is also a great time to set upcoming quarterly goals for the company and brainstorm how to get around any current blockers in reaching the goals.
After all major items are discussed, the board is able to proceed to any announcements or other business which may require attention. This is an ideal time to share any congratulations messages or other special appreciation for employees in the company or for committees that have been successful. The board can then conclude the meeting by giving a date for the next one and any final tasks that must be completed before then.
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