what is really israeli?
it looks slightly less pretty when one drinks it
why it is so deeply en-grained in our culture?
maybe because it is breakfast, early memories, mom, and a certain body part….
but i am here to write about a more serious topic,boards.
just one more reference to the delightful shoko bag. one summer morning i left it on the kitchen counter. in the afternoon, the shoko was not that good. shoko-late and shock-o-late
and now, focus. attention. silence.
one of the most important parameters in having an effective board meeting is ‘when do you send the board package’.
in the past i have even read academic research to support this.
you send a board package late, board will not be effective.
it will be shock-0-late
remember. boards do not like surprises.
again. boards do not like surprise.
and some board members like to come in prepared.
now for the tough part. how late is late?
i have seen management teams send the package the morning of the board meeting. this is often as people land in the city of the board from an over-night flight.
what is the message? you really want the board members effective? more importantly, it probably means the CEO and the CFO and other members of the team worked on it all night. how effective are you going to be running a meeting with so little time to prepare?
back to basics. no extremes. is a day before the board good enough?
i say ‘no’. it does not give enough time to prepare.
best is the weekend before the board. this, however, is either not practical or does not have the latest information. still, i encourage you to try it. delight.
how about at least 48 hours in advance? i think it is achievable, allows people time to go over and ponder, and even call and discuss misunderstandings or disagreements.