The pandemic prompted many companies to modify—at least temporarily—some of their core business, as well as board, practices in the face of health- and safety-related requirements that prevented or restricted travel and in-person gatherings. While the circumstances that gave rise to the restrictions were unwelcome, they provided companies an opportunity to review and re-evaluate the effectiveness of longstanding practices that, but for the pandemic, would likely not have taken place.
In this post, we look at whether the pandemic prompted lasting changes to key board meeting practices and processes. We present findings from a February 2022 survey of Society for Corporate Governance members representing more than 150 public and private companies. The intent of the survey was to understand long-term changes made in response to the pandemic in practices such as board meeting formats (frequency and length), virtual meeting approaches, attendance, and materials and agendas.
Respondents, primarily corporate secretaries, in-house counsel, and other in-house governance professionals, represent public companies (89%) and private companies (11%) of varying sizes and industries.  The findings pertain to all companies, public and private. Where applicable, commentary has been included to highlight differences among respondent demographics. The actual number of responses for each question is provided.
Access results by company size and type.
NOTE: The survey was entirely focused on benchmarking long-term changes (implemented or planned) to board practices and processes as compared to pre-pandemic times.
To what extent has the pandemic impacted your board’s overall processes and practices? (161 responses)
For both public and private companies, moderate impact, followed by low impact, were the most common responses.