Meeting Minutes – 27th June

Meeting commenced with a business update from Rod. This les into discussions around staffing, succession planning, delegation, and financial management. Rod has forecast strong growth for the coming FY, with strong EBIT which will see the business in a strong cash position. He expects that trend to continue into FY23/24, however, close monitoring will be required to ensure the business is agile enough to adjust should any variations occur. It was agreed that the base needs to be further strengthened with adequate HR practices in places. The kids are showing positive signs of joining the business in the next 3-4 years, giving Rod some room between now and then to solidify the foundations in preparation for a future transition. Homework for Rod: review and update HR delegation matrix, finish business plan. Next meeting: 6th July 6pm-7.30pm. Meeting duration: 1hr 29minutes.

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