From a management standpoint, bank boards walk a thin line when implementing a board portal; a line that exists, in part, due to the challenge that arises in overcoming a learning curve. How do you ask a group of people with decades of expertise to learn something new? There’s no way to get around it. Seamless design is great for mitigating the curve, but it doesn’t eliminate it. Introducing new technology to your board of directors is too complex and delicate a task to cover in this article (or any one article, for that matter).
Instead we’re going to focus on a major pitfall bank boards fall into when implementing a board portal. Avoiding this single hazard can mean the difference between success and failure in the implementation process.Continue reading