Working together: Board meeting evolution amid Covid-19
Corporate Secretary is pleased to announce the release of a special report looking at how the Covid-19 pandemic has forced boards of directors to find new ways of working together while they remain physically apart.
Corporate Secretary has surveyed more than 100 senior governance professionals to find out how boards have been adapting their operations and communications during the crisis – and how they feel about the tech tools at their disposal.
For example, we asked how boards have been conducting their meetings this year versus 2019, whether they are holding more meetings since the outbreak of the pandemic, what their experiences have been of using videoconference calls for board meetings and how they have used portals before and since the pandemic began.
The findings in this special report will be of use to all general counsel, corporate secretaries or other governance professionals seeking to benchmark how their own board has responded in turbulent times.
Key findings include:
- The number of respondents conducting face-to-face meetings fell from 98 percent in 2019 to 68 percent this year – even accounting for those that had pre-lockdown meetings in person
- Large-cap companies are more likely to have increased the frequency of board meetings, with more than half having done so
- A significant number of companies have updated their policies on data in recent months as employees work remotely and therefore face potentially greater cyber-risks
- More boards have been using a wider range of portal features when conducting meetings, including for voting, eSignatures, remote meetings and document storage.
The special report can be accessed here. We hope you find it to be informative and useful.