Not sure about execs, but this happens in engineering meetings (regarding new features being implemented or other semi-major changes). Whoever is initiating the meeting writes up a paper describing the terminology, the nature of the change and why it's needed, how it will be implemented etc. The entire dev team (+ maybe other dev teams within the group), management (the initiator's boss + 1 level above, maybe other dev team managers too) start the meeting with hard printouts of the paper, armed with red pens. The meeting "starts" with ~15 mins or so of silence for everyone to review the paper in the room from start to finish. Then the paper is reviewed end to end and torn up on the way. Often there are multiple of these meetings (i.e. first one went badly or if things change along the way of building/implementing it and questions come up)