What is a Board Portal?
Modern board governance requires that board members have access to the most current reports and data analysis to make informed decisions that align with the objectives of their organizations. In order to achieve this, boards require more frequent meetings, greater transparency, risk mitigation and effective communication tools. Board meeting management software helps streamline the process of managing these tasks. It is an effective tool to improve corporate governance.
The best board management software integrates the capabilities of a variety tools into a single integrated platform. This saves time and effort for board members and lets them concentrate on governance issues rather than administrative tasks. When you are evaluating the board portals, pay particular attention to the way they perform on independent review sites. Ask vendors for product details and pricing so you can make an informed decision.
Be sure the portal you select meets your security standards and meets the regulatory requirements of your industry. Check for features like remote wipe, role and group-based permissions and a permanent purge feature to ensure that notes, annotations and discussions can’t be recovered from a server or backup file. If your board is geographically distributed, make sure to check whether the portal to your board is accessible on a variety of devices including smartphones and tablets.
A good board portal allows you to schedule your meetings using the calendar system you prefer. This way, you can easily add meeting invitations to members’ digital calendars, and monitor everyone’s live availability. Board members are then able to attend meetings they have planned. This can reduce administrative costs and boosts productivity.