October 28, 2016
Make the Most of Board Discussions
Boards
play a critical role in governing a company, yet many of them meet for
less than 10 hours a year. So it’s vital that directors use that time
well. Board papers should be sent out at least four working days in
advance to give directors time to read, digest, and prioritize. Each
director should identify the one or two challenges or comments that they
want to make at each board meeting. There won’t be time to comment on
every issue, so focus on what you think is most important and where you
can add the most value. If there are more than two discussions you want
to bring up, don’t spring them on your colleagues. Submit your list to
the chair in advance so that they can decide which to address at the
meeting and which to address in other ways. During the meeting, resist
the urge to chime in on every topic and be careful about prolonging
discussions that your fellow directors initiate. Your goal as a group is
to be thorough and efficient.
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