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 are aligned with their organization’s strategic goals. To accomplish this, boards require more frequent meetings, greater transparency and risk-management as well as effective communication tools. Board meeting management software simplifies the process of managing all of these tasks and is a powerful tool for improving corporate governance.
The most effective board management software offers all-in-one capabilities that combine the functionality of multiple separate tools into one unified platform. This reduces time and effort for board members and allows them to concentrate on governance concerns rather than administrative tasks. When evaluating boards portals pay particular attention to the way they perform on reputable independent software review websites. Also, ask the vendor for specific details about their products and pricing details so you can make an informed choice.
Make sure that the board portal you choose is compliant with the security standards of your industry and is in compliance with regulatory requirements. Look for features such as remote wipe, role-based permissions, and permanent purge. This will ensure that deleted notes and discussions cannot be recovered from backup servers or files. If your board is geographically distributed be sure to verify whether the portal to your board is accessible on multiple devices, including tablets and smartphones.
Finally, a good board portal should allow you to set up meetings using your preferred calendar system. You can then invite meetings directly to the digital calendars of your board members and view their availability in real time. Then, board members are able to take part in meetings prepared by you, reducing administrative costs and increasing productivity.
