Utility cooperatives (co-ops) sometimes get a bad rap for using outdated processes. Many of them have been around for more than a century, so it’s no surprise that standards of procedure have been honed and crafted throughout the years.
Technology and infrastructure are constantly evolving and growing; however, boardroom dynamics look largely the same as they did twenty years ago.
Board responsibilities are increasing for every industry, so the pressure to ensure that co-ops succeed has fallen squarely on the shoulders of directors.
Board meeting software presents many unique benefits to boards of directors in the co-op field. First and foremost, it establishes easy access to important board information.
While traditional, paper-based boards are confined to the information provided for a specific meeting, directors using board software can instantly access everything from past meeting materials to strategic plans, policy manuals, orientation materials, audit reports, and more.