How does a Wellmeadow Board Meeting Work?
Everyone does board meetings slightly differently, so we have tried to bring some best practice in to the ones we are in to make them as useful as...
Wellmeadow supports growing companies in three core areas; Board Support, HubSpot Support, and Content Creation.
We've worked with over 100+ businesses across sectors such as automotive, manufacturing, healthcare, legal, SaaS, and professional services.
3 min read
Dave Parry : Jan 25, 2021 2:45:00 PM
When it comes to setting an agenda for your next board meeting, allocating a time estimate for each item can be somewhat controversial. Agenda timings are a useful way keep a meeting focused, cut down on dreaded ‘wafflers’ and give a clear end point to an item. Timings also allow you to:
Read our complete Board Meeting Guide
But then again, meetings that are too structured can limit creativity and flexibility – which are essential to drive real strategy in a board meeting. Board meetings also already get a bad press for being a routine-but-necessary drain on everyone’s time, and assigning timings can compound this feeling.
Luckily, there are ways to use agenda timings which don’t stifle creative discussion opportunities, but still help to keep everyone focused.
We’ll cover our top three below.
Of course, it’s impossible to predict just how an agenda discussion is likely to progress in advance – you won’t know if someone is entering the meeting with deep seated objections, or if everyone will blissfully agree with decisions being easily reached.
But, trying for example, to fit a 6 hour meeting agenda into a 3 hour slot is never going to work, even with complete agreement on every single agenda discussion. So as a board meeting basic, setting a rough agenda time ‘budget’ is a useful way to estimate whether you’ve allocated enough time for the meeting in the first place.
One way to provide structure to the board meeting, while still being flexible in terms of facilitating discussion is to have an open approach to changing timings actually in the meeting. This does need a real-time approach to altering the allotted segment times, which sounds simple but is often tricky to manage.
While this skill will become easier as you chair more meetings, using minute taking software will help with this. Software can usefully predict agenda item times based on how long you’ve already spent discussing it, allowing you to shift meeting timings there and then in the board meeting.
Another tool of minute taking software include an indicator if an agenda segment owner does start to run over their time. This is useful for you as the Chair, giving you a prompt to either speed things up or rejig the agenda as necessary.
Read our blog on minute taking
An important, but overlooked benefit of agenda timings is that you’ll be able to carry out some post-meeting analysis on just how long you’re spending talking about each agenda item. Minute taking software makes it easy to collate this data, but you can put it together manually too.
As well as helping you to continually refine your board meeting agendas, it’s also a valuable indicator of whether you’re spending the right proportion of time on the most important things.
What do we mean by this? Well, board meetings are important. You need to maximise the time of everyone attending, and that includes using them as important drivers of creative discussion and strategy.
Analysis of agenda timings will tell you:
As well as using the data to change the approach you take to these items in the future, you can also send the analysis to the attendees at the meeting, helping to maximise future board meetings.
Putting time ‘budgets’ on agendas can be a useful tool to keep everyone focused; as long as they’re not so rigid to completely limit discussion opportunities. With a flexible approach and some actionable data analysis, agenda timings have the potential to make your board meetings more effective, more focused and essentially, more valuable to your business.
You can read more tips about running board meetings here or you can download a free pdf of the complete Good Board Meeting Guide to take away.
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