We’re always working on a kick-off meeting before we formally present our business case and project charter to the board of directors. One of the first things any CEO needs to discuss with a board meeting is the kick-off meeting. We typically meet with the board of directors before we present our business case, project charter, and any other documents to the board.
The kick-off meeting is held before the board of directors reviews the company’s financials, so it’s a good time to discuss the company’s future. What’s interesting is that many board meetings end with a “formal agreement,” which means that the board of directors is discussing a formal document, such as a preliminary business case or a business plan. These formal documents are often the first thing a CEO should discuss with a board of directors.
The business case is the formal document that defines the scope and purpose of a company’s product. The business plan is the formal document that defines what the company is going to do to get there product to market in the first place. It’s also a chance for the board to discuss any changes that need to be made. Its important to keep in mind that the board will usually only be reviewing this section of the document for the first time as a whole.
One of the great things about working at a publicly traded business is that you can ask board directors to sit around a table reviewing the details of any project they oversee. In fact, many of the biggest and most important corporations in the world have a specific meeting where they can do just that. These meetings are held before the project starts, to discuss the business case for the project.
For the most part, the board of Directors is like the board of governors of a state. But not all board members are on the same page when it comes to a particular project. Every board member has a different opinion about the project, and a different way of looking at the business case. The only way to get this board to see the business case as a whole is for the directors to come together and sit around a table, discussing the case with all the other board members.
The board meeting is a great excuse for the majority of directors to get together and talk about the business case for their project. In addition to talking about the business case, the directors sit around a table and discuss different aspects of the project, such as the schedule for the project, the financials that should come out of it, the types of contractors who should be used, the types of supplies needed, and so on.
The meeting is an opportunity for the directors to be open with other companies on the board about their thoughts, concerns, and opinions on the case. It’s a great opportunity to share their ideas, concerns, and opinions with the board.
The meeting is a good time to have a few beers. A lot of the directors have been there before and there’s a good chance that the same person is responsible for the case for the project. A lot of the board members are very good at keeping things under wraps.
So it’s important to get everyone on the same page so that there is continuity between the two meetings. The meeting is a great chance to let off steam, have a few beers, and just get to know each other on a personal level.
Another reason why the board meeting is a good time to get to know each other personally is because it’s a great place to keep your business card. So even if you don’t get a chance to shake the director’s hand right away, at least you’ll have one to leave behind.