When you're in the CEO hot seat, the days before a board meeting can be full of anxiety—especially when the business faces material challenges that demand some sort of discussion.
But running a good board meeting is tough even when times are good. What does the board need to know? How do you get the most out of your limited time together?
It turns out that Khorus, the enterprise leadership platform we developed to help CEOs run their businesses, can also make board meetings tighter and more valuable. How so? By capturing the essentials of performance in a single platform, Khorus is a practical way to discuss the health and strategy of the business with people who aren’t involved in the day-to-day, including the board.
With Khorus as the backbone, we talk with clarity about how we did last quarter and where we hope to go in the next. We fend off the aimlessness and exhaustion that plague board meetings far too often.
Here are six specific reasons I use Khorus to drive my meetings with the board.
1. We spend less time prepping slides.
Preparing for a board meeting often causes frenzy, as the CEO and executive team decide what information to highlight and then pull together their presentations.
Since we use Khorus throughout the quarter, we begin this task at 80 percent done rather than starting from scratch. We've already recorded our key priorities in the platform, and we have a week-by-week record of how we performed against them. That’s exactly what the board needs to see.
I simply drag the final results of our 5–7 company goals into PowerPoint, one goal per slide.
Here's what a slide might look like. Attendees will be able to see the goal, how we measured it, whether we achieved it, and how the team feels about the quality of the work done: