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

Ensuring boardroom success ELCO’s governance evolution with Diligent Boards

ELCO Mutual Life and Annuity, a long-established insurance and financial services company, needed to modernize its board governance after relying on a cumbersome file-sharing tool that made it hard for directors to access materials and slowed down board preparation. As the company looked to support growth and improve resilience, its governance processes needed a more efficient, user-friendly solution.

Diligent implemented Diligent Boards to streamline board book creation, meeting prep, agenda management, and document access, including AI-generated minutes and AI board book summaries. The result was a major efficiency gain: board-meeting preparation time dropped from one to two days to about one to two hours, Executive Committee meetings fell from roughly 2.5 hours to 30 minutes on average, and directors became more prepared, engaged, and self-sufficient.

ELCO Mutual Life and Annuity

Eric Myers

General Counsel and Corporate Secretary