The strategic agenda is a tool that can help your board achieve its objectives. However, it is not the only aspect it is vital to ensure that board members are engaged in productive discussions that lead to informed decisions.
The right agenda will help you achieve success in your organization, whether it’s through an open discussion on board performance, an analysis of a particular operational issue or a presentation about the new program. This article will help you understand how to create an agenda that is strategic for your board that enhances its effectiveness without wasting time focusing on unnecessary operational details.
While there is no one-size-fits-all agenda for board meetings the best practice is that you prioritize your agenda according to strategic goals and leave reports and old business until the conclusion of the meeting. In addition, providing board members with goals and desired outcomes prior the strategy day can help to concentrate their attention, cut down on the length of meetings, and prevent overcrowding agendas.
In the same way, scheduling two annual retreats instead can facilitate more thorough discussion. It is also beneficial to include outside experts from industry in the agenda, to stimulate discussion and foster a greater level of strategic thinking among directors. It is essential to communicate clearly all requirements and procedures for meetings as well as the process for voting and decision-making to your board prior the strategy day so they are well prepared.