What is a Board Portal?
Modern board governance requires that board members have access to the latest reports and data analysis to make informed decisions aligned with the goals of their organization. In order to achieve this, boards require more frequent meetings, enhanced transparency and risk-management, and effective communication tools. Board meeting management software helps to simplify the process of executing these tasks and is an effective tool for improving corporate governance.
The most effective software for managing boards offers all-in-one capabilities that combine the features of a variety of tools into one platform. This allows board members to concentrate on governance and less administrative tasks. When you are evaluating portals for board members be sure to look at how well they perform on reliable independent software review websites. Ask vendors for information on their products and prices so that you can make an informed decision.
Check that the board portal you choose meets your security standards and is in compliance with the regulatory requirements of your industry. Consider features such as remote wipe roles and group-based permissions and a permanent purge feature to ensure that notes, annotations and discussions aren't recovered from a backup or server file. If your board is geographically distributed be sure to verify whether the board portal is accessible on multiple devices like tablets and smartphones.
A good board portal allows you to schedule meetings using the calendar system of your choice. You can then send invitations to meetings directly to the digital calendars of your board members. You can also view their availability in real-time. Then, board members can attend meetings prepared which will reduce administrative costs while increasing productivity.