Our client, a listed financial services company, had been struggling with duplicate papers and voluminous board packs. Boardroom decisions were disjointed and ineffective with discussions taking place outside of meetings and meetings being used for legal documentary purposes only. The Board of Directors and Management wanted to spend less time drafting and reading papers and more time making better informed decisions in meetings.
We restructured the agendas, board packs and improved the reporting flow, which increased efficiency and reduced the board packs by 75%. As a result of our work Board discussions were elevated to focus on strategy. We also reviewed historic board packs, agendas, and meeting minutes to ensure everything was legally documented.
The Chair and Board of Directors were delighted with our ability to strip back unnecessary bureaucracy, enhance reporting and refocus their board meetings on the topics for growth and long-term success.