diff --git a/src/handbook/company/board.md b/src/handbook/company/board.md index a578c2efea..6def578cf9 100644 --- a/src/handbook/company/board.md +++ b/src/handbook/company/board.md @@ -24,8 +24,25 @@ alternating succession. Calendar invites include all the folks expected to be at the board meeting, including our legal counsel. +## The Strategic Timeline + +Working from the meeting date, follow these milestones: +* T-minus 2 Weeks: Draft the agenda and create the deck or decks +* T-minus 1 Week: The Dry Run. First draft of slides complete. Present to internal stakeholders/executives. +* T-minus 2-4 Days: Final Board Package distributed (allows directors time to read). +* Meeting Day: Execution and note-taking. + ## The Meeting +### The Dry Run: One Week out + +Schedule a dry run meeting with all internal stakeholders a week prior to the actual meeting date. +Key Objectives: +- Finalize slides: Which slides require more support +- Audit the Data: Double-check the numbers +- Time Management: Ensure the presentation fits within 60-70% of the allotted time, leaving the rest for Q&A. +- Craft storyline and identify focussed discussions to resolve key challenges for the company. + ### Prewatch Three business days before the meeting, the CEO will send a 5-10 minute prewatch @@ -64,6 +81,17 @@ It would be highly appreciated if topics to be discussed are shared in advance w It is the CEO's responsibility to manage time in the meeting. +#### Stock Options Approval +Board approval is required for every new employee's options grant. For each applicable employee, the slide must include: + +- Employee name +- Title +- Current option allocation (if applicable) +- Options to be offered +- Fully diluted total ownership post-grant +- Vesting schedule +All information must be based on the final, executed offer letter. Employees included on this slide must have completed onboarding prior to the board meeting. + ## Metrics Key Metrics to include: @@ -111,6 +139,35 @@ The template is updated to fit the FlowFuse business. Slides are stored in the "Investors" folder in the "FlowFuse Admin" Shared Drive. +#### Sending out the deck + +2-4 Days before the board meeting, save the document as a pdf file and share it with the board members for review. Include minutes from last time and other assets in the same email. + +#### Managing the Two Slide Decks + +**1. The Open Session Deck (General Team)** + +This deck focuses on transparency, high-level performance, and culture. +- Purpose: Celebrate wins, align on company goals, and share the "vibe" of the business. + - Highlights/Challenges/Focus +- Content: + - OKR updates + - Marketing highlights + - New hires + - Product roadmaps + +**2. The Closed Session Deck (Executive/Board Only)** + +This contains sensitive "Closed Matters" that require legal privilege or high-level strategic oversight. +- Purpose: Deep-dive into governance, sensitive financials, and high-risk decisions. +- Content: + - Compensation: Exec salaries, equity grants, and bonus structures. + - Legal: Pending litigation or regulatory updates. + - Strategic Moves: M&A discussions, fundraising details, or layoffs. + - Financials: Detailed burn rates and runway audits. + - Approval of minutes of the last BoD + - Link to the finalized minutes from the previous board meeting which are stored in the FlowFuse Admin Shared Drive, under Investors, in the appropriate year folder. + ### Post meeting action items Within a week after the board meeting, the CEO will distribute assets related to @@ -122,6 +179,8 @@ Assets will always include: 2. A link to the pre-shared materials for the Strategic Discussion 3. List of action items +Once everything has been finalized, share the high-level wins and strategic direction from the Open Session with your broader leadership team at the next Strategy meeting. + ### Meeting Minutes Meeting Minutes are compiled by our Counsel and shared after the meeting. They