(1) Skilled, engaged contributors. Most high touch management processes (frequent 1-1s, agile ceremonies) exist in order to motivate, guide, and create accountability for mediocre/disengaged employees. High performers can execute successfully in a process vacuum (in fact, they often do their best work with maximal freedom), but unfortunately not all teams are composed exclusively of high performers.
(2) Team members need to have shared values and a baseline level of trust and respect for each other. If they don't trust each other, disagree about technical approaches, or there are power struggles within the team, frequent meetings are often necessary to resolve disagreements that can otherwise spiral and bog everyone down.