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95% believe board management solutions are worth the expense
In one of its recent Monthly Metrics surveys, respondent members of the Corporate Legal Operations Consortium advocated strongly for board management solutions as making professional life easier.
Jerome Doraisamy
CLOC published results of a survey late last year, which 105 of its members responded to, outlining that 95 per cent of legal operations professionals believe a board management solution is worth the expense and 70 per cent believe their board management solution makes their board members’ job easier.
Board books were the most-recommended feature from respondents as a board management solution, with 80 per cent saying they would advocate for it, followed by ease of use (approximately 70 per cent), managing approvals for resolutions (approximately 40 per cent) and security (approximately 37 per cent).
In evaluating the customer service provided by board management solution providers, almost 36 per cent said they were highly satisfied and the same number expressed moderate satisfaction. Only 11 per cent said they had low levels of or little satisfaction in the customer service provided by the board management solution provider.
On the topic of ease of implementation, nearly 70 per cent of legal operations professionals said getting a board management solution underway was very easy or fairly easy, with less than four per cent saying it was difficult.
The 105 CLOC responding members came from a broad range of industries, including but not limited to technology, financial services, biotech and pharma, consumer goods, energy, health care and insurance.
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Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly. A former lawyer, he has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. He is also the host of all five shows under The Lawyers Weekly Podcast Network, and has overseen the brand's audio medium growth from 4,000 downloads per month to over 60,000 downloads per month, making The Lawyers Weekly Show the most popular industry-specific podcast in Australia. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of Minds Count.
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