What is a Board Portal?
Modern board governance requires board members to have access to the latest reports and data analysis in order to make informed decisions that are aligned with the objectives of their organizations. In order to achieve this, boards require more frequent meetings, greater transparency, risk reduction and effective communication tools. Board meeting management software eases the process of managing all of these tasks, and is an effective tool for improving corporate governance.
The best board management software blends the functions of several separate tools into a single integrated platform. This can save time and energy for board members which allows them to focus on governance issues rather than administrative tasks. When evaluating board-portals take note of how they perform on independent review sites. Then, inquire with the vendor for specific product details and pricing information, so you can make an informed choice.
Make sure the board portal you select meets your security standards and complies with your industry’s regulatory requirements. Look for features like remote wipe, role and group-based permissions and permanent purge to ensure that deleted notes, annotations and discussions aren’t recovered from a backup or server file. If your board is geographically dispersed Make sure you check if the board portal is available on multiple devices, including tablets and smartphones.
A good board portal allows you to schedule meetings using the calendar system of your choice. It is then easy to send invitations to meetings directly to the calendars of your board members, and monitor their availability in real time. Then, board members are able to attend meetings in advance to reduce administrative costs and improving productivity.
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