Private Equity Podcast: Karma School of Business Board Meetings that Matter: Strategy, Structure, and Impact
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Jul 2, 2025 
Lloyd Metz, a seasoned partner at ICV Partners, and Doug McCormick, a specialist at HCI Equity Partners, discuss transforming private equity board meetings into strategic platforms. They emphasize focusing on impactful outcomes rather than routine reporting. The duo shares insights on structuring boards, selecting independent directors tailored to business needs, and the importance of avoiding tactical details in favor of actionable strategies. Engaging discussions around effective governance and fostering meaningful dialogue also take center stage.
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PE Boards Drive Strategic Impact
- Private equity board meetings focus on strategic impact over execution details.
- They assess if the company is on track to meet long-term exit goals.
Board Helps CEOs Work On Business
- Help CEOs work on the business, not just in it, by focusing on future goals.
- Use board meetings to coach management on resources and actions for long-term growth.
Preparation Powers Valuable Meetings
- Require management teams to prepare thoughtful decks that synthesize insights.
- Encourage bringing recommendations based on real market feedback to drive decisions.