Ask HN: What are your expectations for engineering 1 on 1 meetings?

I'm new-ish to a management role and trying to figure out how 1:1, 360 reviews, annual reviews, and team dynamics should be working.

I'm currently doing something like: http://imperialwicket.com/a-truth-framework-for-engineering-1-on-1-meetings/

I wonder if this resonates for people and what I'm missing? I'd really appreciate insight from both sides (mgmt/lead and individual contributors) - what do you expect to get out of 1 on 1s and other mgr-ic interactions? Also, how jaded are your expectations compared to what you think could be achieved through these same interactions?