While boards of directors are eager to return to in-person meetings, a new trend has emerged: many will incorporate virtual meetings in their long-term strategy. According to a new report from board governance software and services leader Boardspan, boards are now moving to a hybrid model, interspersing in-person and remote meetings with greater comfort.
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Boardspan’s Back to the Boardroom report, based on a June 2021 survey of 78 board members across the country from all industry sectors, also reveals that nearly all boards will have met in person by the end of Q1 2022, despite some concerns about their leadership’s preparation ahead of such meetings.
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“Board members are genuinely looking forward to returning to the boardroom,” said Abby Adlerman, CEO of Boardspan. “Nearly 18 months of virtual meetings has meant missing out on important face-to-face interactions that significantly influence effective board dynamics, alignment and collaboration. Nonetheless, boards have shown their adaptability and a material number are embracing new meeting strategies going forward.”
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