The Corporate Storyteller

Expert tips on management communications and the power of storytelling

Wednesday, April 27, 2011


Video A Good Connection for Boards?

A recent "Wall Street Journal" reports that a growing number of corporate boards are using videoconferencing to save the costs, both in time and money, of requiring members to travel long distances to meetings. The article says that the time savings, in particular, make it feasible for companies to attract board members from around the world.

The down side, as expected, is that videoconferences greatly reduce the sense of personal connection and eliminate the opportunities for one-on-one interaction. McAfee board member Denis J. O'Leary commented on his experience of the videoconference-based discussions leading to an acceptance of Intel's acquisition offer: "I didn't feel like I was there, but I felt it was a lot better than the alternative, which was the telephone."

And Mei-Wei Cheng, a Diebold director, observes, it's possible to get to know fellow directors well only "when you're sitting at dinner or talking to each other at coffee breaks."

What's your experience with videocoferences? When do you think they're most effective--and not so effective?

<< Home


October 2006   November 2006   December 2006   January 2007   February 2007   April 2007   May 2007   August 2007   December 2007   February 2009   March 2009   July 2009   August 2009   November 2009   December 2009   January 2010   February 2010   March 2010   April 2010   May 2010   June 2010   July 2010   August 2010   September 2010   October 2010   November 2010   December 2010   January 2011   February 2011   March 2011   April 2011   May 2011   June 2011   July 2011   August 2011  

This page is powered by Blogger. Isn't yours?

Subscribe to Posts [Atom]