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COVID-19 impacted almost everything about our daily lives, including the way people work and operate in the business world. As we approach a full year of COVID-19, we asked directors how board governance has been changing as a result of the pandemic.
Optimizing board governance is critical now. Since most businesses have set themselves up to work remotely, avoiding mistakes and maximizing the value of virtual technologies is essential.
Despite the hardships resulting from COVID-19, businesses are discovering new ways of working. Many, if not most, boards have transitioned to virtual meetings. Many of these firms are contemplating a post-COVID world where virtual meetings are the norm, or a hybrid model that complements routine virtual board meetings with a select few face-to-face ones. All of which raises the question: Are virtual board meetings better?
The best board meeting technology streamlines board functions on a secure, integrated platform that’s easy for the board to use. As organizations create their strategic plans for the upcoming year, a careful evaluation of board technology options is an investment in efficiency, agility and risk mitigation.