Modern board governance requires that board members have access latest reports and data analyses to make informed decisions that are aligned with the goals of their company’s strategic plan. In order to achieve this, boards require more frequent meetings, more transparency, risk mitigation and efficient communication tools. Board meeting management software helps streamline the process of managing all these tasks and is an effective tool to improve corporate governance.
The most effective board management software includes all-in-one capabilities, combining the functionality of multiple separate tools into one unified platform. This lets board members concentrate on governance and less administrative tasks. When you are evaluating portals for board members pay particular attention to how they perform on respected independent software review websites. Request information about the product from the vendor and prices so that you can make an informed decision.
Make sure that the portal for board meetings you choose is in compliance with your industry’s security standards and is in compliance with regulations. Look for features like 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 distributed ensure if the board portal is available on multiple devices including smartphones and tablets.
Finally, a good board portal should permit you to organize meetings with your preferred calendar system. This way, you’ll be in a position to easily add meeting invitations to members’ digital calendars and check on everyone’s real-time availability. Board members can then take part in meetings prepared to reduce administrative costs and improving productivity.
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