Board governance is board room plus based upon a regular schedule of meetings. No matter if it’s quarterly, bi-monthly or monthly meetings, they help leaders to do important work in the context of annual strategic responsibilities such as policies and compliance, budget & audit, appointments and elections.
A good portal for boards lets board members and administrators to easily access meeting materials, documents, and other documents from anywhere on any device. This allows the board to run productive meetings and prepare for them.
In addition to being a useful tool for planning meetings, board portals also provide a convenient and secure way to share documents and keep them. With centralized storage of documents, directors not have to sift through a plethora of email attachments in order to find the information they require. The best portals for board meetings include advanced security features that make it difficult for malicious actors to gain access to sensitive information. This includes 256-bit AES encryption, multiple-factor authentication, and GDPR compliance.
While there is a variety of software for managing boards on the market but not every one is created equal. It is important to carefully look at different options before deciding the best solution for your business. During demonstrations, you should ask prospective vendors about their user-friendly features and how to begin. You don’t have the time learn a new tool.
Also, be sure to consider a vendor’s pricing model and whether they charge for administrators and users training or the amount of data storage. Some vendors offer the opportunity to try their product for a period of time that will aid you in deciding whether the product will meet your needs.