What is a Board Portal?
Modern board governance requires that board members have access to latest reports and data analyses to make informed decisions that are aligned with their organization’s strategic goals. In order to achieve this boards require regular meetings, more transparency and risk management and efficient communication tools. Board meeting management software eases the process of managing all these tasks and is an effective tool for improving corporate governance.
The most effective board management software incorporates the features of several separate tools into a single platform. This makes it easier and faster for board members and allows them to concentrate on governance issues instead of administrative tasks. When reviewing board-portals take note of the way they perform on independent review sites. Ask vendors for details about their products and prices to make an informed decision.
Be sure the portal you choose meets your security standards and meets your industry’s regulatory requirements. Consider features such as remote wipe, role-based permissions and permanent purge. This will ensure that deleted discussions and notes cannot be recovered from backup servers or files. If your board is geographically dispersed, be sure to verify the board portal’s availability across multiple devices, including tablets and smartphones.
A good board portal allows you to plan your meetings using the calendar system of your choice. That way, you can easily push meeting invitations to your members’ online calendars and check on everyone’s real-time availability. Board members can then attend meetings that have been planned. This can reduce administrative costs and increases productivity.