Leader to Leaders: Six - Board season
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 the preparation for, facilitation of, and follow-up to 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 of the main goals is to build relationships. It’s also a nice forcing function for the business leader (we’ll call them CEO) to breathe and take a real look at the status of the company.
For the company itself, board meetings are primarily held to discuss the progress you’re making against the strategic plan and associated key 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?