Board of directors portals are governance software that allows secure digital communication, collaboration, and meeting management. They include features such as messaging capabilities, boardbook-style documents, voting via digital and a platform to keep meeting minutes, and more. A quality board of directors portal has been created with the specific requirements of boards in mind, and results in an efficient and effective method of conducting business.
In addition to the efficiency gains, a well-designed portal for boards can provide a variety of benefits for companies looking to enhance their corporate governance practices. The accessibility of the portal, for example, can help board members participate and directors who are new to join. This is crucial for a diverse and efficient board. The ability to work from your home or move can also assist in recruiting and keep top talent.
The use of a portal for board members can also improve board preparation and efficiency by making it easier to review and share information prior to meetings. Board members can collaborate effortlessly on preparing and participating in meetings even if they are away from the office by using just one login. This process is more seamless and efficient instead of relying upon patchwork solutions like email or Dropbox.
The most effective portals for board members offer robust resource libraries, and search features that allow directors to easily locate specific documents such as notes, meetings or documents. This makes it easier to prepare for meetings and ensures directors have all the information needed to do their jobs well. In addition, the best portals provide strong security, with encryption of data and two-factor authentication to safeguard sensitive data.
