If you serve on a board, you know that nearly every board meeting has operated in a primarily digital setting for two full years. For many boards, this digital and virtual shift unlocked an entirely new world of increased effectiveness, collaboration and agility.
In fact, according to a recent survey conducted on behalf of my company, OnBoard, 74% of board directors and executives said they increased their board’s effectiveness in the last 12 months using board management software. This is especially compelling when 81% of respondents indicate they’ll continue meeting using digital platforms for at least the next six to 12 months.
We also know that board meetings, on average, have become much shorter due to new digital formats: Analysis of anonymized activity events in our platform indicates that before 2020, the average board meeting lasted about 3.5 hours. Today, in 2022, a board meeting now averages about 2.5 hours. Boards have increased their collaborative efforts to get more done in less time.
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