COVID-19 has upended economies and industries worldwide, forcing organizations to review the way they operate urgently. Without affecting the company boards while optimizing their operations through these challenging times, the three-part checklist helps your board to survive and thrive in uncharted waters.
It will become normal to host “mixed” meetings with some members present in person and some joining remotely. This does present some interesting challenges.
Here are some of the strategies the Chairperson and Company Secretary may find useful during the board meeting:
- Balance input from the members that are physically present and those attending remotely
- Select a secure method to circulate the meeting minutes for feedback
- Run an effective meeting with purpose achieved and suffice contribution
- Add a face-to-face element with video
- etc.
A tool that we recommend to help you better manage your board meetings is Boardfolio.
Boardfolio is an advanced digital portal solution that manages the full cycle of board and committee meetings. It is a centralized, secure repository that empowers you to simplify your entire board operations, enjoy greater security, and enable seamless collaboration between chairpersons, board members, and company secretaries.
For more information, please contact Tricor’s team in Singapore, Eva Loong, at eva.loong@sg.tricorglobal.com and (65) 6325 5784 or Tricor’s team in Malaysia, Celine See, at celine.see@my.tricorglobal.com and (60) 3 2783 9228.
