Board meetings tend to have a reputation – gray decor, old men in suits, long reports flooded with numbers with ludicrously small font sizes and dreary debates that range from monotonous to terrifying. The board in general has long suffered from a poor reputation as less of a supportive structure to the CEO, and more…
For the most part, when a board of directors alters business operations or procedures, there’s some form of preceding written motion. However, ad hoc and in-the-moment diversions from company standards can happen when obtaining the consent of all present board members. This method of veering away from an organization’s usual standards and practices is known…
One study from Duke University shows that 80% of all US companies have been hacked in an attempt to steal or alter data. In 2019, breaches that damage a company’s image and shareholder value are an almost monthly occurrence. It’s not that these organizations ignore cybersecurity. These risks are a top priority of many companies,…
When a board meeting runs too long, it can be detrimental to your organization for several reasons. First and foremost, it throws off schedules. On top of that, the more extended the meeting, the less engaged its attendees. It’s an inefficiency that stems from poor planning, communication, and execution. Conversely, board meetings that end in…
Board meetings are essential for any business. Directors of corporations or startups looking to pass vital motions, discuss the business’s current status, or plan for the future need semi-regular meetings to remain proactive and informed. However, in these organizations, time-sensitive business opportunities arise on a frequent enough basis that planning a board meeting doesn’t always…
Communication is the way of conveying messages effectively to people and receiving feedback from them with the point of establishing mutual understanding. It can be done verbally or non-verbally, and the method used varies depending on the circumstances. It is safe to say that everyone can communicate, but not everyone can convey. From time to…
It’s only natural to stick with what – and who – we know. Psychologically, even if it’s to one’s own detriment, people prefer familiar surroundings. All it takes is assessing one’s own group of friends or peers to confirm this notion. Unfortunately, the above approach frequently spills into the workplace, at the expense of a…