To keep building the best value homes in sustainable and inclusive communities, Persimmon has embraced digital tools including BoardClic’s digital platform, which it uses to streamline its board and committee reviews.
In 2021, Persimmon found BoardClic through Grant Thornton UK, a partner to the digital platform provider. The following year, BoardClic facilitated Persimmon’s internal review with its intuitive, user-friendly interface.
BoardClic offered a host of benefits. An objective and efficient way to conduct reviews, it ensured anonymity. Unlike cumbersome manual processes, the digital platform maintained impartiality—because let’s face it, you can’t recognise someone’s digital handwriting. Additionally, its accessibility meant that the survey could be completed at leisure, significantly assisting non-executive directors.
The usefulness of any review largely depends on the quality of information provided by the board. Persimmon credits BoardClic’s best-practice, governance-related questions with an efficient process as it gleaned actionable insights and internal and external benchmarks.
Transitioning from manual to digital
Before BoardClic, Persimmon handled its board reviews with paper-based surveys. While this old-school method was fully functional, it was time-consuming and left little room for updates or optimisation. BoardClic supplanted an inefficient method with a streamlined system that made more effective use of time.
Persimmon’s adoption of BoardClic reviews serves as a testament to the power of digital tools. It’s proof that technology can bolster corporate governance and promote best practices. A bit like putting up a new building with advanced construction technology—only this time, it’s about building better boardroom efficiency.
11 January 2024
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