In 2023, 65% of companies plan to hold an increased number of events and meetings. . From January to December 2020, virtual group meetings increased by nearly 613%. Given the rising role of virtual board meetings, it’s necessary to put systems in place to prevent board meetings from ambling and halting everybody’s productivity for the…
The importance of good corporate governance practices are vital in an era of transparency, accountability, and company sustainability. Harvard Law School Forum on Corporate Governance mentioned that 64% of investors believe weak governance practices are the most crucial factor, alongside poor financial performance when making investment decisions. Thus, boards should at least compare and track…
According to a survey by Ernst & Young, 70% of board directors in the Americas plan to increase technology innovation by 2023. Thus, the importance of corporate governance, and especially its digitalization, seems to be a critical aspect of responsible and modern business operations in the digital economy. This comprehensive guide on digital governance delves…
These days, more than ever before, transparency in corporate governance is crucial. With millennials finally outnumbering other generations and representing 35% of the American labor force, for-profit and nonprofit organizations must adapt quickly. In this article, we’ll explore five critical indicators of transparent governance, the top seven most transparent companies in the world, and some…
Nonprofit organizations play a vital role in transforming society nowadays. The catalyst for their sustained success? Board diversity, a well-structured and skilled team at the helm. Indeed, nonprofit organizations offer various services, from education to religion. They range in size, with most having yearly revenues below $50,000. However, only a few have yearly revenues between…
The onboarding process for new board members is essential for the company’s growth. Even directors who’ve been on a board for years can find it challenging to meet expectations and make a positive impact in their role. By introducing new board members, the company eases the transition and boosts board efficiency, sparks innovation, and drives…
The board of directors is the mind and heart of every organization. The board’s streamlined corporate governance and forward thinking dictate success, while poor decision-making often results in a fiasco. Each member of the board has the power to improve the way directors collaborate. To make these improvements effectively, it is vital for the director…
Environmental, social, and governance (ESG) is currently playing a significant role on boards in almost every industry, as over 75% of investors in private markets plan to stop purchasing non-ESG products. However, developing an effective ESG strategy comes with some challenges. That’s why each board of directors must fully grasp what kind of impact their…
A board book is a guide for directors during the meeting. It is a collection of up-to-date information on a non-profit organization. Its importance lies in the fact that all the necessary data is in one place that is convenient for holding meetings. Information technology development is changing the tools and approaches that directors choose….
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…