Questions and Answers
What role should our board of directors play in strategic planning?
Our recommendation is that the strategic planning team is composed only of members who are active in the day-to-day operation of the business. This would preclude board members, other than those who are within the management ranks, from participating directly as a part of the planning team. This should not imply however, that the Board does not have a role. A Board is often instrumental in establishing certain mandates that define what is acceptable in terms of on-going business performance. If these exist, they should be communicated to the planning team in advance of the first meeting. The Board should be fully briefed on the management's expectations of the planning process. Often teams use the time between the second and third meeting to inform the Board of the strategy and allow for input before the action plans are in place.
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Center for Simplified Strategic Planning, Inc.
PO Box 8272
Ann Arbor, MI 48108
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