There are about 55 million meetings held each week in the United States. That’s about 11 million meetings a day and more than one billion per year. The numbers are insane, aren’t they? According to Fellow, about 50% of executives attend between 6–15 meetings a week. Provided an average meeting lasts one hour, they spend…
Communication is key. According to Haiilo, 3 in 4 employees see communication as the main leadership attribute. However, only 48% of employees consider leadership in their company as high-quality. Often, having a candid conversation with a CEO can significantly boost team performance, motivation, and dedication to a company. According to Zippia, 78% of senior leaders…
Based on our observations, directors and officers are facing extra pressure in 2022–2023. Due to pressing business challenges, legislators and stakeholders require greater transparency and better involvement in solving ongoing problems. Achieving and maintaining a quorum required for a board meeting in such an environment is more than just a requisite. It facilitates faster and…
Productive stakeholder engagement is vital for companies’ growth. Not only does it help to use stakeholders’ vision to set relevant goals in a corporate strategy, but it also keeps stakeholders motivated and actively involved in the company’s operations. Stakeholders reporting is one of the ways to improve stakeholder involvement. This article discusses the main benefits…
Any board member is well aware of the value brought to the table by their corporate secretary. It takes a rare kind of person with a versatile, finely-tuned skill set to handle the always-in-flux moving parts of the role. Included in that list of attributes are highly sought-after traits such as being immaculately organized, a…
Even though many boards believe performance evaluations enhance overall board effectiveness, only about 50% of organizations conduct them regularly. In this article, we’ll explore why the board evaluation process is so important and how to measure board effectiveness. The importance of regular board evaluations Board evaluations are crucial for the effective functioning of an organization….
A chief executive officer (CEO) who is also the chairman of their board becomes an increasing rarity. Around 59% of S&P 500 companies had separate CEO and chairperson positions in 2021, a 55% increase since 2020 and a 37% increase since 2011. One recent example of this transition that sent shockwaves worldwide was Tesla’s CEO,…
Erasing the “Buzzword” Stigma The term “board culture” has become something of a buzzword. However, just because this term is thrown around with little regard, doesn’t mean it’s not without immense meaning and impact to a company. Plus, whether the company itself has a grasp of it or not, culture is going to cultivate and…
According to the MIT Sloan School of Management article, board meetings typically last three to four hours. Meanwhile, 42% of workers, including executives, feel they waste at least a quarter of every meeting, Financial Times concludes. Indeed, there’s nothing worse than board meetings that spend too long on nonurgent topics that should necessitate minimal discussion….
Nonprofit organizations play a critical role in the global economy, with over 1.5 million nonprofit organizations registered in the U.S. alone, employing 12 million people (7.5% of working Americans) and contributing around 6% to the country’s GDP. Such a huge impact is possible, particularly due to the well-coordinated work of nonprofit board members and the…