Chairman David Evans is expected to announce on Monday the key findings of the review, headed by former Telstra chief executive Ziggy Switkowski.
The review has centred on governance issues at Essendon relating to last year's controversial supplements program.
But Watson, father of Essendon captain Jobe, said it was unlikely it would cost any Bombers officials their jobs.
"They're looking to make sure that any of the errors of judgment that were made along the way in terms of their supplement program won't be made again," Watson told the Seven Network's AFL Game Day on Sunday.
"But I don't think there's going to be recommendations for anybody to be sacked.
"I don't think there's going to be blood on the floor tomorrow, post this meeting."
The review was launched in February soon after the announcement of the Australian Sports Anti-Doping Authority (ASADA) investigation into last year's supplement program.
Essendon players will be interviewed this week by ASADA.
It comes as they prepare to face the AFL's only other unbeaten club Geelong in a blockbuster at Etihad Stadium on Friday night.
Coach James Hird said after Saturday's win over Greater Western Sydney that his players had done a great job keeping their focus on football and he didn't expect that to change.
"They are a tight group, they have been looking after each other and spending a lot of time with each other, as we all have," Hird said.
"It is another step towards finishing this (investigation) process, which we are all very keen to get towards the end of.
"We want to be able to finish it, but we have got to go through the process and we are hoping it finishes sooner rather than later."
