My report and I regularly give each other critical feedback and it isn’t taken personally. If your report does work that you don’t think is great, are you comfortable saying that directly? Similarly, would your report tell you if he thinks you’ve made a mistake?

My friend Mark Rabkin shared a tip with me that I love: strive for all your one-on-one meetings to feel a little awkward. Why? Because the most important and meaningful conversations have that characteristic. It isn’t easy to discuss mistakes, confront tensions, or talk about deep fears or secret hopes, but no strong relationship can be built on superficial pleasantries alone.

Because the presenters knew their material forward and back, they experienced what social psychologists call “the curse of knowledge”—the cognitive bias that makes it difficult for them to remember what it’s like to be a beginner seeing the content for the first time. That’s why they assumed the room could quickly grasp all the salient points as they flipped from slide to slide.

But if the goal of the meeting is to make decisions or give feedback, it can be tough for stakeholders to understand the material well enough in the span of a single meeting to arrive at thoughtful conclusions.

The solution is to help everyone come prepared. The change we made to our decision and review meetings was to ask the organizers to send out any presentations or documents the day before so that everyone got the chance to process the information in advance. This meant that I could spend as much time as I needed to understand all the charts and graphs, which allowed me to be a better contributor in the meeting.

If a company-wide meeting attended by five hundred employees isn’t engaging or memorable, then the company will have wasted five hundred people-hours—ten thousand dollars if you assume a twenty-dollar-per-person hourly wage. Spending even five hours of five people’s time (five hundred dollars total) to prepare for that meeting is undoubtedly worth it. Even one recurring weekly meeting with a handful of attendees can translate to thousands of dollars of wasted productivity over the course of a year if that time together isn’t well spent.

After the meeting, the follow-ups need to be treated with as much care as the preparation. A single meeting is not an end unto itself; it is a stepping-stone in the much longer path of creating something valuable for the world. In the last few minutes of a meeting, get into the habit of asking, “So before we break, let’s make sure we agree on next steps . . .” After the meeting, send out a recap to the attendees with a summary of the discussion, a list of specific action items and who is responsible for each, and when the next check-in will be.

If a decision was made, then that should be communicated to the right people. If feedback was given, then that should be acted upon. If ideas were generated, then the meeting organizer should clarify what the process is to take those to the next stage. These follow-ups can then anchor the agenda for when the group reconvenes.

For the things that you do better than your reports, unless it falls into the “most important priorities” bucket or you don’t believe they are set up to succeed, you should still try to delegate as much as possible and coach them along the way.

As for what you shouldn’t delegate, consider the unique value you’re able to add when it comes to the organization’s top priorities. Some of that flows from your personal strengths. For example, I’m a good writer, so over the years I’ve used that skill to help our team document and share its values—from authoring career guidelines and interview playbooks to putting out internal notes on lessons we’ve learned in building products. One of my colleagues is an amazing operator, so he’s responsible for running our design team’s most complex processes, such as recruiting. My manager Chris is one of the most inspiring speakers I know, so he’s the first person to greet new employees at orientation and tell them about Facebook’s mission and values.