A board portal is a web-based software that allows executives and directors to share information and collaborate. It also streamlines meeting preparation and governance, which allows for better decision-making.
Modern board management software is more secure than email or file sharing platforms, which can be easily hacked and leak confidential Board materials. It utilizes strong encryption, multi-factor authentication and high-security storage to protect board document. It ensures that only those with the proper authorizations are able to access sensitive documents.
Another important feature of a secure board portal is that it adheres to your company’s policies on data retention and provides a record of all communication between Board members. This mitigates the risk of liability, and also saves time and money by reducing the number of administrative tasks associated with meeting management and document management.
A well-designed board portal will be easy to use and give your Board of Directors to work as they like. They can make informed decisions and participate in strategic debates, and continue to work at work on the go or at home using a mobile-first, intuitive platform that works with any device.
Insuring the support of key stakeholders in your board is essential to ensure that your brand new portal will be implemented successfully. For instance, it’s a good idea to include your chief information officer as well as the person who is responsible for compliance or governance, and IT advisors in the planning phase to answer any questions or concerns they may have.