Board of directors portals are corporate governance software that facilitates secure digital communication, collaboration, and meeting management. They provide features like boardsbook-style documents, electronic voting as well as a system for recording meeting minutes, and more. A top board of directors portal is designed with the unique needs of boards in mind, leading to a more efficient and effective method of conducting business.
In addition to the efficiency gains A well-designed board portal provides a rich set of benefits to organizations seeking to improve their corporate governance practices. The ease of access can, for instance, encourage board members to participate and new directors to join. This is essential for a diverse, effective board. The ability to work at home or on the move could also aid in recruiting and keep top talent.
Using a board portal can also improve board preparation and efficiency by making it easier to review and share information prior to meetings. By logging into the portal board members are able to easily collaborate on preparing for and participating in meetings even when they’re out of the office. The process will be more seamless and efficient than relying on patchwork solutions like email or Dropbox.
The best board of directors portals also provide robust resource libraries and search features that make it simple for directors to find specific notes, documents or meetings. This helps reduce the time needed to prepare for meetings and ensures that directors have the information they need to effectively perform their tasks. In addition, the most reliable portals offer security that is robust, including two-factor authentication and encryption to protect sensitive information.