When managing a company it may take more than concerted effort between a company’s board of directors and shareholding investors. How can you get the most from both the board and shareholders. It is no secret that everyone in a company must work together to achieve goals and attract the interest of shareholders. What are the best tips to get the most out of your investors and board?
Get the best
Build your board and populate it with the best members. It is best to have members who stay cool in difficult situations and can boost your company’s image with a seat on your board. Does your new board member add legitimacy to the board activities and can also serve as a spokesman for the company at press functions, etc.
Spend time investing in a relationship with shareholders
Before you raise money for your company. It may also be good to spend time educating your shareholders about your company’s expectations and brand before seeking advice from those who hold your company stock. If your shareholders understand your company’s goals and what you expect from the shareholders, they will be better able to deliver the best values on pre-determined goals.
Take time to communicate
Send an email, text, or letter. One of the best ways to keep both the board and shareholders well informed on the happenings of the company is to use the fastest modes of communication possible. By communicating often with board members and shareholders, this will keep the movers and shakers behind the scenes in any company informed. This ensures that every key member that has stock in the company can make the best informed decision to attract new customers and keep a company’s product competitive.
Address hot button topics
If there are topics you don’t agree at meetings, do share with shareholders and board members. Talk out disagreements one-on-one after meetings. This gives you time to settle disagreements in private. This also allows important issues to be addressed without taking valuable time away from business needs.
Take the opinions of others
Spend time listening to others opinions. Value the opinions of the board of directors. However, learn also to take shareholders’ opinions into account. Depending on the amount of stock hold and the opinions of the board, both have the power to cripple a company head from successfully running a company. Did you know that a successful company head listens to its employees, no matter the level of their employment. It doesn’t hurt to make your shareholders and directors feel as though they are a vital part of your operation because they are.
Always greet shareholders and board of directors by name
While it may not be possible to great every shareholder by name if a company has a large number of shareholders. However, every effort should be made to meet and greet each board of directors member. Addressing them by name allows members to feel important and also make a connection with you as a company president.