What is a Board Portal?
Modern board governance requires that board members have access to latest reports and data analysis to make informed decisions that align with the strategic goals of their organization. In order to achieve this boards require regular meetings, more transparency and risk-management, and effective communication tools. Board meeting management software can help streamline the process of managing these tasks, and can be an effective tool for improving corporate governance.
The most effective board management software integrates the capabilities of multiple searchboardroom.com/a-closer-look-at-what-data-room-software-solutions-can-do-for-your-business tools into one integrated platform. This can save time and energy for board members which allows them to focus on governance issues instead of administrative duties. When evaluating board-portals be sure to pay attention to how they perform on independent review sites. Then, ask vendors for specific information about their products and pricing information so that you can make a fully informed choice.
Make sure the board portal you select is secure to your standards and complies with the regulatory requirements of your industry. Look for features such as remote wipe, permissions based on role and permanent purge. This will ensure that deleted notes and discussions cannot be recovered from backup files or servers. If your board is geographically dispersed, make sure you check the board portal’s accessibility across multiple devices, including smartphones and tablets.
Finally, a good board portal should allow you to set up meetings using your preferred calendar system. You can then easily send invitations to meetings directly to the calendars of your board members and check their availability in real time. Board members can then attend meetings that have been planned. This can reduce administration costs and boosts productivity.
