According to Terence Roche, boards can ask and answer the following questions to better understand their particular preferences about how to approach strategic planning. A principal with Cornerstone Advisors Inc., Roche gave this guidance during a CUES Webinar called “Strategic Differentiation and Operational Execution.”
1. How and when does the board participate with management in planning?
2. How many levels of management are included? How do they participate?
3. Do you have off-site sessions? Every year?
4. Who is responsible for drafting the strategic plan? How detailed does it need to be?
5. How deep do we go on numbers at planning?
6. How much of planning sessions are education, particularly for the board?
7. Do you use facilitators or guest speakers? Sometimes or all the time?
Read a full write-up of Roche's presentation on the Center for Credit Union Board Excellence. (Not yet a CCUBE member? Sign up for the 30-day free trial on myccube.org.)
Get more on board strategy-setting by attending DLI: Governance, June 5-8 in Toronto.
