How to Run a Productive Board Meeting

The success and efficacy of organizations rely extensively on the top managerial decisions and strategies that are accepted or approved of in the course of those ever-crucial board meetings. This video, from Goldman Sachs, demonstrates the intricacies of running a productive board meeting that is at once potent and effective.

The very first key step towards a productive board meeting, as per Jo Natauri, a Private Equity Investor, is to bridge the gap, if any, in terms of the relationship between the board members and the managerial teams. In order to further a constructive relationship, the essence lies in building trust and developing mutual respect for each other. As per Private Equity Investor Adrian Jones, another key ingredient of running a productive board meeting is to be well prepared and thoroughly informed about key aspects. This is one non-negotiable element that immediately enhances the overall productivity and the efficacy of the meeting, at large. On the other hand, Natauri suggests informal setups and events such as dinner meets as great avenues to gradually bring up and ease into issues that might otherwise be difficult to take up in strict, formal setups. They also emphasize the crucial importance of adhering to strict timelines and gradually and persistently work towards vital decision-making in the course of board meetings. Alongside, the feedback session that allows follow-up questions and discussions is one that should not be negated at any cost, they remind. These are important as they provide the board members the opportunity to offer their advice or voice their doubts and the management the chance to dispel confusion and duly explain issues, thereby, reducing the chances of miscommunication, at large.

The endeavor of coordinating and running a productive board meeting is indeed a complex endeavor. Yet, taking into account these strategic steps will ensure better collaboration and thereby, ameliorate the overall efficacy of such meetings, in the days to come.