How to improve collaboration, governance and decision-making, and achieve an entirely new level of effectiveness.
Most, if not all, industries are in the midst of large-scale disruption. As a result, board members are tasked with doing far more than simply reviewing financial results and projections. Today, directors are expected to exhibit extreme knowledge of these disruptions and truly engage and collaborate to help plot the organization’s path forward.
The efficiency, collaboration and alignment of the board has a direct impact on an organization’s ability to compete, enter new markets, enhance profitability and deliver shareholder value. Although introducing a paperless board book is an excellent first step in creating a digitally infused, modern boardroom, there are greater, more innovative opportunities that extend far beyond digitizing static PDFs.
Companies need a digital governance and collaboration platform that supports the modern boardroom with multiple layers of security and integrated communications that increases daily efficiencies and operations.
After all, board governance isn’t just what happens during those annual or quarterly get-togethers. There are much collaboration and sharing of information that takes place before and after, often on short notice, with much of this communication needing to happen wherever board members may be.
There are four critical requirements that modern boardroom governance and collaboration platform must deliver in order to support this ongoing communication, productivity and efficiency between the corporate secretary, board of directors and the executive team:
With disruption impacting every industry, organizations need to become more strategic, nimbler and adaptable to the fast pace of change. The board can play a key role in preparing organizations for the future if its members can expand their roles beyond traditional governance.
Modern board management and document collaboration platform can facilitate this boardroom transformation and organizational innovation, allowing directors and senior executives to collaborate to achieve an entirely new level of effectiveness.