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 objectives of their organizations. In order to achieve this, boards need to have more frequent meetings, more transparency, risk reduction and efficient communication tools. Board meeting management software helps to streamline the process of managing these tasks and is a powerful tool to enhance corporate governance.
The most effective board management software includes all-in-one capabilities, combining the capabilities of several separate tools into one integrated platform. This reduces time and effort for board members and lets them concentrate on governance concerns rather than administrative duties. When evaluating board portals pay particular attention to how well they perform on reputable independent review sites for software. Ask vendors for information on their products and pricing so you can make an informed choice.
Make sure that the portal for board meetings you choose is in compliance with your industry’s security standards and is compliant with its regulatory requirements. Look for features like remote wipe, role and group-based permissions and a permanent purge feature to ensure that deleted notes, annotations and discussions cannot be recovered from a backup or server file. And, if your board is geographically dispersed be sure to check the board portal’s availability across multiple devices, including smartphones and tablets.
A good board portal allows you to plan your meetings using the calendar system you prefer. It is then easy to send meeting invitations directly to the digital calendars of your board members, and monitor their availability in real-time. Board members are then able to attend meetings they have planned. This helps reduce administration costs and boosts productivity.
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