What is a Board Portal?

What is a Board Portal?

Modern board governance requires that board members have access to latest reports and data analyses to make informed decisions that are aligned with their organization’s strategic goals. To achieve this, boards require more frequent meetings, more transparency, risk-management and efficient communication tools. Board meeting management software helps streamline the process of managing all these tasks, and is an effective tool for improving corporate governance.

The most effective software for managing boards integrates the capabilities of a variety tools into a single integrated platform. This allows board members to concentrate on governance and less on administrative tasks. When looking at board-portals take note of the way they perform on independent review sites. Ask vendors for information on their products and pricing so you can make an informed decision.

Make sure that the board portal you choose conforms to the security standards of your industry and is compliant with its regulatory requirements. Check for features like remote wipe roles and group-based permissions and a permanent purge to ensure that internet notes, annotations and discussions can’t be recovered from a server or backup file. If your board is geographically dispersed ensure whether the portal to your board is accessible on multiple devices, including tablets and smartphones.

Finally, a good board portal should allow you to organize meetings with your preferred calendar system. You can then send invitations to meetings directly to the digital calendars of your board members and view their availability in real-time. Then, board members are able to attend meetings prepared by you, reducing administrative costs and increasing productivity.