What is a Board Portal?
Modern board governance requires board members to have access to the most current reports and data analysis in order to make informed choices that align with the organization’s objectives. To achieve this, boards need to have more frequent meetings, more transparency, risk reduction and efficient communication tools. Board meeting management software helps streamline the process of managing all of these tasks and is an effective tool to improve corporate governance.
The best board management software blends the functions of several separate tools into one integrated platform. This lets board members focus more on governance and less on administrative tasks. When evaluating board portals, pay special attention to how well they perform on reputable independent review sites for software. Ask vendors for product details and prices to make an informed choice.
Check that the board portal you choose meets your security standards and meets your industry’s regulatory requirements. Look for features like remote wipe, role-based access and permanent purge. This will ensure that deleted discussions and notes cannot be recovered from backup files or servers. And, if your board is geographically dispersed, be sure to check the board portal’s accessibility across multiple devices, such as tablets and smartphones.
A good board portal will allow you to schedule your meetings using the calendar system you prefer. This way, you can easily invite meetings to your members’ online calendars and view everyone’s current availability. Board members can then attend meetings prepared. This reduces administration costs and boosts productivity.
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