The Semco Style 5 Principles to transform the way we work
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Live! Board Meetings

– A live link to transparency

For truly big decisions, everyone at Semco gets a vote. – Ricardo Semler


In a Nutshell

In today’s tech-savvy business world, it’s quite possible to hold virtual meetings with participants across the globe. Most companies have embraced and internalized technology that enables them to collaborate across long distances and multiple time zones. However, no amount of technical advances can reduce the power distances seen in most companies.

In other words, the use of technology hasn’t automatically enabled open collaboration. Instead, these virtual meetings are as closed as the face-to-face meetings where major, strategic decisions are taken. Employees of most companies continue to remain clueless about the deliberations of board members – irrespective of whether those members meet at the same place or collaborate from around the world.

And as long as they aren’t aware of the rationale behind top-management decisions, employee cynicism will continue to fester and the level of trust and engagement people feel towards their companies will stay at rock bottom. But, technology is inherently democratic: It can be used to open up meetings and usher in transparency just as it can be used like a firewall that keeps things out.

 

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