That’s a wrap on board (meeting) season for the quarter. As a point of reflection, we want to share a little about how we approach preparing for, facilitating, and following up on board meetings.
First, let’s identify the purpose of the board meeting and define what success looks like.
As with any meeting, gathering, or interaction, one main goal is building relationships. It’s also a nice forcing function for the business leader (we’ll call them CEO) to breathe and look honestly at the company’s status.
For the company, board meetings are primarily held to discuss your progress against the strategic plan and associated vital activities. Or, as Steve Blank sought to answer:
Do the metrics show that the business model you’re creating will support the company you’re trying to become?