5. Loop Your Operating Team About the Board Meeting and the Board’s Feedback.
Often board meetings are characterized as secretive and lacking transparency. Many are closed-door affairs, where only board members are allowed to attend. This lack of transparency can lead to misalignment and mistrust among shareholders, employees, and other stakeholders.
- If possible, remove any stock option info or sensitive HR issues from the board materials so that you can share as much of the content as possible with the team.
- Find ways to communicate to your team that the board is aware of them and the work they’re doing for the company.
- Additionally, make sure the team understands the board’s alignment with the goals of the company.