Board portals are secure cloud-based software for managing boards that provide a digital space for companies to store and organize sensitive information. They allow boards of directors, advisory panels and administrators to effectively manage their responsibilities.
A board portal can cut costs by removing the requirement for hard copies to be printed and distributed. It also provides a more comprehensive, secure system of record. It also allows boards to collaborate on documents and engage in collaborative discussions.
In order to set up a board meeting, administrators prepare a meeting agenda and distribute it to board members. Administrators can also sign electronic signatures, upload or edit documents, and issue meetings notifications. They also manage portal users.
Board portals allow board members to access and review materials for meetings from anywhere and at any point via an online or mobile application. They also come with an embedded voting platform that lets them securely vote on https://fitboardroom.com/whats-the-problem-with-business-data-security/ meetings and then automatically add their votes into the meeting record.
When selecting a board portal look for features that ease routine tasks like pre-meeting preparation and updates to directors when dates or documents change. It is essential to inquire how the product evolves over time in order to adapt to your organization’s evolving best practices for governance.