Being on a board can feel like living in a fishbowl.
Disclosure requirements continue to amp up and there’s a shift underway to what Harvard Business Review describes as transparent business leadership.
External voices and views, including those of board directors, now must hold businesses to higher account. It’s not enough to bravely trust that the CEO and board chair are sharing full information – you need to actively ensure that you are informed and be ready to ask the tough questions.
But how can directors fulfill their roles as governance accountability gatekeepers? How can boards make transparency practical and economical?
Board management software can play a significant role. A board portal ensures ongoing transparency among all directors, and some tools like Aprio are easy-to-use and affordable. Here’s why technology for board transparency is worth considering:
Do these five steps still feel daunting?
Consider that your board could be fully trained and using the Aprio board portal in as few as 3 weeks. Why not improve transparency before your next board meeting?
If transparency and affordability are critical to your board, see how Aprio can improve information access, voting, and governance.