Since we live in a digital world where data has surpassed the value of oil and became the most valuable resource in the world, we start to question our digital security. Data has become more accessible for hackers, which results in a constant increase of cyber-attacks over the years. Most industries function digitally, so cyber-attacks are present everywhere, including sport organizations.

As the COVID-19 pandemic swept the world and shifted the way many businesses work, physical annual general meetings (AGMs) became difficult to execute. Businesses had to adopt technology to maintain productivity even in flexible work arrangements. Yet, Hong Kong is no stranger to this. Hong Kong has always been proactive in adopting digital technology.

Business digitization is nothing new, but its implications on the success of organizations have been extremely significant. As companies pivot and adapt to these changing times, companies need to stay relevant by adopting digital solutions to as many business operations and management as possible.

The first step in enhancing cybersecurity is acknowledging that cyber attackers do not rest, especially now that most transactions are online. Africa has recently experienced frequent attacks on cybersecurity, increasing the global risk for information leakage. Cyber threats usually target those in the financial sector, and today, the probability is higher due to lockdowns and sudden high reliance on digital processes.

Improving corporate governance should not just be a one-time thing but a continuous initiative. There are different development styles per country in Africa, which makes it important for governing leaders to assess the situation in their locality before planning out their goals for developing sound corporate governance. Africa has seen great efforts in achieving sound corporate governance in the past years. Corporate governance is now considered a prerequisite for economic development.

Using the right boardroom technology is of utmost importance when shifting from physical to virtual board meetings. One of the most important factors to consider to make sure you choose the right technology is security.

Digital transformation has always been an integral part of corporate development. It has been a critical consideration for successful business growth since the 90s. It has become increasingly rampant this past year due to the pandemic, especially for boards. Digitalization has unlocked many opportunities for organizations. However, digitalization spans different regulatory regimes, and this can cause a lot of transversal challenges to businesses.

Digitalization has had profound effects on existing employee functions such as assistants or corporate secretaries. Some see emerging technologies brought about by rapid digitalization can potentially render certain roles futile. On the flip side, they also offer a wealth of opportunities to redefine or improve people’s work. Digitalization has triggered the improvement of various processes in business operations. The boards also experienced this improvement as they went digital.

A regular board performance evaluation helps the board improve and execute better governance. Periodic performance evaluations are necessary to pinpoint pain areas that should be looked into to increase the board’s effectiveness and an organization’s compliance purposes. Here is a list of things to consider when designing an effective board performance evaluation.

Switching to new technology solutions is always challenging, especially when convincing people such as association board members to adopt the change. But with the right mindset, the transition can be effortless. When the software effectively patches the gaps in workflows, you can make things run much easier. Making a case for the implementation is just a matter of discussion that is supplemented with facts. Many business types and organizations can benefit equally from using board portal software.