Risk Management continues to evolve and become ever-more complex. Realities like increasing government regulation, looming cyber-risk, and the new unknowns of digital and marketplace disruption demand that boards and C-suites take a more proactive role in risk management. But as the need for better, more informed risk management skyrockets, technology solutions struggle to keep up. To deliver risk management and oversight well in today’s business environment, what we need is smarter technology.
The digital transformation is upon us, and it ultimately creates more documentation of words and actions. In this climate, boards need to be leaders in taking advantage of newer, disruptive (in a good way) technologies as part of adjusting to the atmosphere of increasing change. Counsel’s thinking must adjust to the new normals created by technical advances. While respecting and encouraging communication as critical to the deliberative process, we should also recognize the advantages technology provides when the right processes are implemented and board decisions are effectively and appropriately documented.
We are thrilled to welcome Michael D’Amico as The Concinnity Company’s new Director of Business Development. Michael joins Concinnity from Donnelley Financial where he served as a Director in the Global Capital Markets vertical for over 10 years, leading strategic business development primarily in the Southeast.
In today’s business world, chaos often feels like the new normal. To stay on top of it all, growth and change are not optional — they need to be the focus of an ongoing conversation for every board of directors. Too often we see stale, stagnating biases hold boards back from taking new opportunities by the horns and turning the page. Today, we examine 5 biases that every board director can look for to get that conversation started within their own team.
As the role of the General Counsel evolves, the technology needs of GCs evolve as well. It is no longer enough to weigh in when the business team identifies the need for contractual, compliance or regulatory assistance; a GC must be informed, proactive and a driving force behind critical conversations. Read on to learn why your GC will love Cloud Concinnity®.
Building a high performance board begins with understanding what skills your board is strong in today and what skills gaps you need to fill tomorrow. Like Goldilocks searched for juuuuust the right porridge, every board must search for just the right director makeup. Right size, right composition, and right structure support boardroom harmony. Wrong size, composition, or structure can mean boardroom breakdown. The key is to utilize a board skills matrix.
Year after year and boardroom after boardroom, we see that smart, repeatable processes are what separate great leadership teams from the good ones. And at no other time of the year is that more obvious than annual meeting time. Every spring brings week after week of documents, research, signatures, and checklists that sap time, money, and resources from administrative personnel. But it doesn’t have to be so hard…
We believe that there is an “Irreducible Minimum” for every board director. It’s a belief we’ve built into our software, and something you can see in the DNA of everything we do. Today’s post will show you how to discover that irreducible minimum for yourself and how it can elevate your performance and the performance of your board.
We recognize that there is a direct line from boardroom awareness and performance measurement to the growth & health of the business itself. It’s why we created a way to bring together key company metrics, boardroom performance visibility, and simple self-measurement capabilities so that board directors and all boardroom stakeholders can understand performance anytime, at a glance. Here’s why it makes Cloud Concinnity® a next-level software.
With evolving best practices at the core of what we do, we are committed to giving you software that empowers better decisions and agile leadership, and growing along with your team as those best practices change over time. Where board books & the current generation of board portals are basic tools that can help, we go the extra mile to craft intelligent software that never stops making the people using our software effortlessly better at what they do.
For decades, board work has revolved around the recurring but episodic march of the board book and the board meeting. In between, there was little to do for board directors but wait for the next meeting. Behind the scenes, board secretaries, committee chairs and administrative assistants often toiled away, laboriously collecting documents and research to include in the next board book. No more wasting time. Cloud Concinnity® makes things agile in a whole new way. Here’s how.
The rapid digital transformation, shifts in corporate culture, and a tumultuous political landscape all mean that leaders must be awake, aware, and ready to act at a moment’s notice. We call that agile leadership: operating as a proactive, adaptive leader in a changing world. We are focused on how Cloud Concinnity® can power agile leadership. Here are three examples….
When board portals debuted a decade or more ago, the digitization of bulky board books was groundbreaking. Today, we are in an era where cross-device document sharing and digital collaboration tools are ubiquitous — except, it seems, in our corporate boardrooms. Board portals have done little to evolve beyond document storage, and what changes they are making seem to be more patchwork and duct tape than transformation. This is why we call Cloud Concinnity® the world’s first integrated board intelligence and management platform. It is a platform, not a portal, offering a toolkit for board directors to perform and measure their work in new ways.
Boards don’t just need a portal, they need an intelligence & management platform. Cloud Concinnity® is just that — an integrated intelligence & management platform for boards who understand what it is going to take to up their game. We know board directors are under intense pressure from all sides. We designed this tool so they have a way to be consistently connected and elegantly efficient.
When we built Cloud Concinnity®, we built it with the people who will use it in mind. It is better software designed for how board directors actually want to work, and for how they can work well together. Each member of our founding team has experience sitting on boards and being part of real businesses that have successfully grown. We built it to solve problems we have experienced and know how to solve.
Smarter technology holds the key to solving for information asymmetry. Our work is centered around providing an “un-board portal” that is designed for how board directors actually work. A board intelligence and management platform, not a fancier version of the board book. A single secure hub for all information and communication needed to make fully informed decisions.
With the digital transformation of work and business culture firmly upon us, what role does software play in corporate culture? Is it just a tool with no role beyond its business function? Or is it so deeply part of how we do our work that it is embedded inside what it takes to build a high performance corporate culture? We think smarter technology is essential to great corporate culture. Here’s why….
We know that there are unprecedented levels of pressure on everyone in the boardroom and at the executive level. The old playbooks are crumbling and a new model is emerging. Building the best practices for concinnity into the software itself is a master move. With the world changing at an ever-increasing rate, the only way to stay ahead of the puck is with good software. We simply can’t do it all alone — and good leaders know this.
We believe that intelligent technology can be end-to-end scaffolding for inclusion and board diversity in visionary corporate governance. In fact, the belief that smart technology is uniquely positioned to support the shift toward greater diversity in corporate leadership is one of the bedrock reasons our founders came together after decades of sitting in boardrooms and C-suites ourselves. A board portal alone is not enough. Cloud Concinnity is the kind of smart technology that supports visionary leadership teams from end-to-end for building diverse intelligence into their boardroom and C-suite processes and dialogue.
The digital transformation is happening. We see it everywhere we look — from the smartphone always in our pockets to the suite of software tools on our laptops. But what does this transformation look like? What does it mean to be ready? Where do we start? What do we prioritize? The Concinnity team shares 5 key tactics to start your team’s conversations about the digital transformation.