Board Meetings

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What Does A Board Meeting Look Like?

The board's function is to do four things:
Approve meaningful shifts in strategy.
Approve large expenses.
Provide resources, networks, and feedback around three to four asks per board meeting from the company. (ie: Key hires (recruiting), financing options, strategic advice, coaching).
Fire and/or hire the CEO.

If the company wants to buy a fleet of new trucks, that’s a big expense. In an instance like that, the board would need to approve the purchase. But any expense under 5 percent of revenue is left to the discretion of the CEO.
These board meetings are one of the biggest contributions that Snowball makes to a business’ success. These hour-long calls allow us to offer guidance and support. Initially, they occur every other month and then once a quarter.
While the ultimate goal is to take these businesses to a place where they can grow without us, we want to ensure that we’re offering insight, feedback, and assistance as much as possible.

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