What is a Board Portal?

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What is a Board Portal?

Modern board governance requires that board members have access to latest reports and data analysis to make informed decisions that align with the organization’s goals. In order to achieve this, boards require more frequent meetings, enhanced transparency and risk management and efficient communication tools. Board meeting management software streamlines the process of managing all of these tasks, and is a powerful tool for improving corporate governance.

The most effective board management software combines the functionality of a variety of tools into a single platform. This allows board members to concentrate more on governance and less on administrative tasks. When reviewing board-portals take note of the way they perform on independent review sites. Ask vendors for specific product information and pricing information so that you can make an informed choice.

Be sure the portal you select meets your security standards and meets the regulations of your industry. Look for features such as remote wipe, role-based permissions and permanent purge. This will ensure that deleted notes and discussions cannot be recovered from backup files or servers. If your board is geographically dispersed be sure to verify if the board portal is accessible on a variety of devices, including tablets and smartphones.

A good board portal will allow you to schedule meetings using the calendar system of your choice. It is then easy to invite meetings directly to the digital calendars of your board members, and monitor their availability in real-time. Then, board members can attend meetings with a plan to reduce administrative costs and improving productivity.