Each organization has unique needs when it comes to discussing the company’s health, profitability, legal matters, the economy, and anything else that may be important at the time. The one thing that is common across all boards is the need to make important strategic decisions.
This meeting is usually led by the CEO but many startups have been mixing the format up by writing long memos or completely updating the board members ahead of time in order to save the time together for strategic discussions. We like this approach because there are no surprises and the board members can come prepared with questions and ideas.
In this template, you can decide ahead of time the decisions that you want to focus on, share your thoughts, ideas, and metrics ahead of time, and get some questions and feedback before the meeting even begins. This way everyone comes prepared with all the information they need to have a detailed discussion.