Board meetings are important for gaining input and advice on how to run the business.
To get the most out of your board meeting, start with an objective for the meeting including agenda and preparation documents such as financials.
It’s helpful to get feedback from the participants before the meeting so you can adjust the agenda if necessary.
This type of prep also ensures everyone comes prepared to tackle the objective.
Maintain the time allowed for each topic and create an offline conference call/meeting to handle topics that go over.
Recruit a board member to help you keep things on track by watching the clock and reminding the group when the time limit is up on a topic.
Watch for tangents and cut the discussion short by taking it offline after the meeting.
Board meetings can be an invaluable resource to the CEO, but only if you manage it well.
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