The Relevance of Board Assessments
by September 20, 2018 and last updated on September 20, 2018 on
A board of directors’ main purpose is to ensure the organization’s success by jointly directing the company’s activities; this is achieved by making key decisions that would impact the organization’s bottom line. Appointed to act on behalf of the shareholders, they are entrusted to deal with issues pertaining to corporate governance, corporate social responsibility, and corporate ethics among others.
Considering the weight of their responsibilities on a company’s performance, it is quite surprising that very few organisations conduct regular assessments and derive meaningful results. In India, board assessments were a non-mandatory requirement under Clause 49 of the Listing Agreement. This is prior to Securities and Exchange Board of India’s (SEBI) Guidance Note which detailed guidelines on how board evaluations should be conducted.
Furthermore, on a study conducted by the Rock Center for Corporate Governance together with The Miles Group, it found that most board evaluations fail to recognize and correct poor performance among individual directors. In this nationwide survey of 187 boards, the results suggest that directors do not give each other honest feedback and boardroom dynamics are often sub-optimal. (more…)
The Evolution of the Board Pack: 5 Ways on How to Improve It
by September 13, 2018 and last updated on September 18, 2018 on
You rummage through your briefcase in search of your board pack: you see that some of the pages got folded because your board pack wasn’t properly stored away. After quickly going through the content, you realize that there are misprints and errors! And you don’t have time to make the necessary changes because your board meeting is in five minutes – To make things worse, you notice that some parts of your board pack, which happen to be confidential data, are missing!
Although this scenario may be a bit of a stretch, it can still happen to board directors who sit in multiple board meetings in a year. What, then, can you do to improve the quality of your board meeting packs and avoid a similar situation? Listed below are five ways on how to revolutionize your board packs:
How Cybersecurity Affects the Evolving Role of the Corporate Secretary
by September 7, 2018 and last updated on September 13, 2018 on
Rapid digital transformation has encouraged companies to move critical aspects of their business onto electronic platforms. Adopting these new technologies may mean more efficient business processes and an increased operational productivity, but these transformations do not come without risks. In dealing with the advanced technologies of today, traditional security standards may no longer be enough.
Board Evaluations: A Step Towards Better Governance
by August 29, 2018 and last updated on October 4, 2018 on
A company’s health and survival is largely dependent on those who are leading it, namely the board of directors. With their technical and practical expertise, business experience, leadership and direction, executive boards are expected to consistently drive company performance and create value for shareholders amidst regulatory uncertainty, global disruptions, and economic downturns. Simply put, there are goals and objectives that boards must meet.
Board Portals for Nonprofits: A New Necessity?
by August 23, 2018 and last updated on September 13, 2018 on
There is a common misconception that board portals for nonprofits are unnecessary.
Unlike multinational corporations, whose focus is on revenue generation, nonprofits are dedicated to advocating a social cause. Because of this, many argue that board portals for nonprofits are not something that charities should consider and pursue. They say that it’s an added cost to an already strained budget thus unnecessary for a nonprofit board to function.
Start Reducing Cost and Improving Board Efficiency Today
Convene is our very own board portal solution. What makes Convene special?
- Enterprise-grade security: encryption, access rights control, device security
- Cross-platform support: native iPad, Android, Windows and Mac apps + web access
- Automatic conversions to PDF to reduce manual conversion
- Real-time private and shared annotations with automatic archives
- Live control of other devices to synchronise pages during the meeting
Convene has many other features to improve boardroom productivity, security, and governance. or learn more about Convene's features >>