What is a Board Portal?
Modern board governance requires board members to have access to the most recent reports and data analysis to make informed decisions that are aligned with the organization’s objectives. To achieve this, boards need more frequent meetings, greater transparency, risk-management and effective communication tools. Board meeting management software can help to simplify the process of executing these tasks and is a powerful tool to enhance corporate governance.
The most effective software for managing boards offers all-in-one capabilities that combine the features of a variety of tools into one integrated platform. This lets board members concentrate more on governance and less on administrative tasks. When reviewing board-portals be sure to look at the way they perform on independent review sites. Also, ask the vendor for specific details about their products https://searchboardroom.com/what-is-the-role-of-the-company-secretary/ and pricing information, so you can make an informed decision.
Make sure that the board portal you choose meets your industry’s security standards and is in compliance with regulations. Check for features like remote wipe, role and group-based permissions and a permanent purge feature to ensure that notes, annotations and discussions aren’t recovered from a server or backup file. If your board is geographically distributed be sure to verify whether the board portal is accessible on multiple devices, including tablets and smartphones.
A good board portal allows you to schedule meetings using the calendar system you prefer. This way, you’ll be able to easily invite meetings to your members’ online calendars and view everyone’s current availability. Then, board members are able to attend meetings with a plan to reduce administrative costs and improving productivity.