Anyone with experience managing a board understands that well-organized board meetings play an absolutely vital role in drawing critical strategic insight to help an organization best compete and succeed. Now there is scientific evidence to back this up. A new study from the Rotman School of Management shows that effective board meetings were the biggest factor in overall board contribution to company performance.
According to the Rotman study, the most effective board meetings are those that maximize the time spent discussing strategy, rather than routine business. Many board members report that time allocation is a major problem for their boards, with time being wasted on less important items while strategic- or vision-related issues are left to the end. The focus is too often on where an organization has been when it should be on where it is headed.
These are in many ways natural tendencies, so fighting them requires disciplined time management and strict adherence to agendas. Board of directors portal software is a powerful tool for accomplishing this. Board management software provides enhanced scheduling and communication capabilities that make it easier for board members to prepare for their meetings by reviewing the board documents, and helps keep the meeting itself on track.
If you want to learn about board meeting software and how it can help you plan more productive meetings, here are a few of the ways board portal services like Aprio can be instrumental in efficient board meeting prep and better board meetings.
If you want to help your board run meetings that focus on the most important issues, contact us to learn more about how portal software can help. A board that doesn’t discuss the risks and opportunities ahead will not be best equipped to handle them.