Digital transformation has always been an integral part of corporate development. It has been a critical consideration for successful business growth since the 90s. It has become increasingly rampant this past year due to the pandemic, especially for boards. Digitalization has unlocked many opportunities for organizations. However, digitalization spans different regulatory regimes, and this can cause a lot of transversal challenges to businesses.

Digitalization has had profound effects on existing employee functions such as assistants or corporate secretaries. Some see emerging technologies brought about by rapid digitalization can potentially render certain roles futile. On the flip side, they also offer a wealth of opportunities to redefine or improve people’s work. Digitalization has triggered the improvement of various processes in business operations. The boards also experienced this improvement as they went digital.

A regular board performance evaluation helps the board improve and execute better governance. Periodic performance evaluations are necessary to pinpoint pain areas that should be looked into to increase the board’s effectiveness and an organization’s compliance purposes. Here is a list of things to consider when designing an effective board performance evaluation.

Switching to new technology solutions is always challenging, especially when convincing people such as association board members to adopt the change. But with the right mindset, the transition can be effortless. When the software effectively patches the gaps in workflows, you can make things run much easier. Making a case for the implementation is just a matter of discussion that is supplemented with facts. Many business types and organizations can benefit equally from using board portal software.