Case Study: ELCO Mutual Life and Annuity achieves more efficient boardroom governance with Diligent Boards

ELCO Mutual Life and Annuity cuts board prep from 1-2 days to 1-2 hours with Diligent

ELCO Mutual Life and Annuity, a trusted insurance and financial services company for over 75 years, faced a challenge with outdated and inefficient boardroom systems. This burden created an urgent need to revamp its governance structure and board management processes to align with industry best practices. To address this, ELCO turned to vendor Diligent and implemented its Diligent Boards software.

The solution from Diligent involved adopting its user-friendly Diligent Boards software, which revolutionized the company's board meetings. The implementation of AI tools and other key features created a more efficient and effective boardroom. The result was a significant elevation in meeting quality and a fostering of board member independence, making them more engaged, accountable, and prepared. The General Counsel reported that meeting preparation time was drastically reduced from one or two days to just an hour or two.

ELCO Mutual Life and Annuity