The Board Room for the Future

www.boardroomchallenge.com/virtual-board-meetings-guide

The board room of the future must be a place that is designed to promote the health and well-being for its participants. It should also be a space that encourages the use of digital technologies for more efficient and effective meetings.

For instance furniture for meetings must be flexible enough to allow multiple people to attend the same meeting while enabling people to work in small groups without sacrificing privacy and efficiency. The space should have state of the art sound design and high-quality audio system that will ensure that both attendees in person as well as those who are online can be heard clearly. Natural light will be needed to ease eye strain during meetings. According to an earlier Harvard Business Review study, natural light is the top-rated office perk, outranking other more conventional and predictable options such as cafeterias on site and fitness centers.

Other innovations in technology could be beneficial in the boardroom, such as real-time analytics and « living » management infographics which take the concept of dashboards and information graphics an additional step, as well as crowdsourcing technology that can give a fresh perspective from other stakeholders. These tools will help boards evaluate the risks they face and help establish a solid foundation for decision-making.

In the future the boardroom will need to include more sustainability experts. This will mean having board members with knowledge about the impact of business activities on the environment including climate, biodiversity, and human rights. It will also require new skills, for example, being able to assess the impact of ESG on the long-term financial performance.

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