What is a Board Portal?
Modern board governance requires that board members have access to the most recent reports and data analysis in order to make informed decisions that are aligned with the goals of their organization. In order to achieve this boards require more frequent meetings, greater transparency and risk reduction as well as effective communication tools. Board meeting management software simplifies the process of managing all these tasks, and is an effective tool to improve corporate governance.
The best board management software blends the functions of multiple tools into a single integrated platform. This can save time and energy for board members which allows them to focus on governance concerns rather than administrative duties. When reviewing board-portals be sure to look at how they perform on independent review sites. Then, inquire with the vendor for specific details about their products and pricing information so that you can make a fully informed decision.
Make sure the portal you choose is compliant with the security standards of your industry and is in compliance with regulatory requirements. Consider 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. And, if your board is geographically dispersed make sure you check the availability of the board portal across multiple devices, including tablets and smartphones.
A good board portal allows you to plan your meetings using the calendar system you prefer. You can then invite meetings directly to the calendars of your board members, and monitor their availability in real-time. Board members can then attend meetings if they are prepared. This helps reduce administrative costs and boosts productivity.