The Board Pack Situation in Boardrooms
The management of thick board packs in and out of the boardroom has plagued all types of companies. From sifting through multiple papers to finding the right information, administrators and directors alike have experienced challenges in handling this situation.
Depending on the size of an organisation, the length of a board pack can range anywhere between 200 to more than 1,000. Aside from the enormous preparation time spent arranging board packs, board members are facing difficulties in comprehending all of the information presented to them in these thick documents.
Due to the intimidating and complicated nature of board packs, more than half of its contents are unread by directors. As a result, an organisation becomes exposed to huge risks which may threaten its image and reputation.