A board portal is an online platform that allows directors as well as company officials to communicate before and during meetings. It also provides useful tools to uphold and improve core governance principles such as meeting productivity, security and efficiency.
A board portal can save time and energy for administrative staff as well as board members by automating processes that are usually manual. They can focus on preparing meetings and providing high-quality governance in less time. This facilitates more efficient and effective communication between directors from different regions of the country or even around the world.
It’s important that you understand what features your business requires and what’s available within your budget. There are a variety of levels offered by vendors that provide value. They range from quantitative metrics such as cost to qualitative ones such as ease of use and director involvement. When you carefully consider your options and speaking with colleagues about their experiences with various software solutions for managing boards to help you make the right choice for your company.
With a reliable and feature-rich board portal, you are able to keep all the files your board handles on a regular basis in an encrypted document center. The documents can be accessed by the appropriate stakeholders, with permissions that are set according to the roles and the responsibilities. This is a great method to reduce storage costs and the necessity for physical binder. A good board portal could also integrate with videoconferencing tools like Zoom, Microsoft Teams, and GoToMeeting So you can access all the tools you need in one place.
