14 PAUL MORRIS: DEMYSTIFYING PRIVATE EQUITY – AN INSIDER’SVIEW
BOARD MEETINGS – SIX SIMPLE WAYS TO MAKE BOARD MEETINGS GENUINELY USEFUL
Does your business hold board meetings? Do you think they are a bit pointless? After all, your management team regularly catch up and therefore know what is going on in the business at any given time. If your business is about to go through a PE transaction then the board meetings will be a future requirement – but there’s a good chance you see this as a little more than a mechanism for reporting to the investor.
If this is the case then you are missing an opportunity. The board meeting creates the space for you and/or the management team to lift your heads from the day to day operational issues and focus on a more forward looking strategic agenda. So how do you make the board meeting a dynamic forward looking decision making forum? Here are a few tips you should consider;
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