This gives the board the ultimate competitive advantage of adaptability. Cultivating multiple perspectives in the boardroom prevents high-level strategy from overlooking or underestimating the risks that will define the next decades of business.Ī diverse board also fosters a dynamic environment that draws on different business backgrounds to navigate complexity with a wide array of knowledge and skills. The next step forwardĪccording to research by Diligent, to address these new challenges, boards are employing two key strategies: diversifying board composition and upskilling the current board.ĭiversity is an indispensable component of modern boards. These factors are harder to quantify, but ignoring them can leave the board (and the company they oversee) unprepared for a new generation of risks and opportunities. Rather, they must take into consideration non-financial metrics such as ESG, cybersecurity and stakeholder engagement. But the changing business landscape means that today’s board can’t rely solely on these metrics. Previously, the board leaned heavily on financial metrics - because they were easy to quantify, and because there was a well-developed paradigm for analyzing them in terms of the company’s general strength. Now, boards find themselves needing to address a broad range of issues - from risk oversight to cyber resilience to diversity and ESG - as they take on a more central role in risk management and the development of long-term strategy.Īs a result, the metrics guiding board decision-making have expanded. Historically, boards have been treated as a simple mechanism for hiring and firing CEOs. So, how does a company earn their spot on the Modern Board 25? To put the list in perspective, we’ve put together an overview of how the boardroom is changing and how forward-thinking companies are using this transformative period to their advantage. Drawing on research from Diligent, the list highlights organizations that are blazing a new path for governance professionals and setting an example for others. With companies accountable to a wider array of stakeholders, new regulatory and societal pressures are pushing boards to broaden their responsibilities.įortune’s Modern Board 25 list celebrates boards that do exemplary work meeting today's challenges. In addition to 24/7/365 support in English, our own employees also provide coverage during specified times in French, Spanish, Portuguese, German, Polish, and select Indian and Sri Lankan dialects.The business world is changing, and the corporate boardroom is changing with it. Ninety-nine percent of all support calls are answered immediately by our deeply knowledgeable employees. We also provide regular webinar tutorials to keep you up-to-date about product features from Diligent and in-person seminars where you can compare notes with your peers. You can count on unlimited training via one-on-one personal or group sessions, delivered either in person or online and including board presentations.
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Diligent’s information management security is ISO 27001 certified and our internal control processes have received clean SSAE 16/ISAE 3402 (SOC 1 Type 2) audits for nine consecutive years. The Diligent Boards solution meets or exceeds the standards of the most security-conscious IT departments. Over 4,700 organizations and 140,000 executives and board members trust Diligent with their most confidential board meeting materials.
Get assistance any time with award-winning 24/7/365 concierge-level supportĮxperience a streamlined Diligent Boards on iPhone, with only essential features for on-the-go reading, annotation and more.Use side-by-side with Diligent Messenger to enable secure messaging and real-time collaboration.Review your organization’s repository of governance information.Respond to questionnaires that save your responses as you go.Vote on motions and directives with instant digital signatures.Keep up-to-date with built-in contact list and meeting calendar functions.
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Ěccess current agendas and meeting materials, or archives from previous meeting.You’ll find streamlined voting, questionnaire tools and signature approvals with features that can be enabled or disabled to meet your organization’s governance and security requirements. The most intuitive and secure way to improve communications and decision-making, Diligent Boards gives you immediate access to board books and meeting materials, along with the tools to review, discuss and collaborate on them.
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