Board governance is oriented around the regularity of meetings. Board meetings, whether quarterly, bi-monthly or monthly, assist leaders carry out important tasks in the context of annual strategic responsibilities including policy and compliance, budget and audit, appointments, and elections.
A good board portal allows board members and administrators to easily access documents, meeting materials, and other documents from anywhere on any device. This makes it easier for the board to conduct productive meetings and prepare for them.
In addition to being an excellent tool for preparing for meetings board portals can also be an easy and secure method to share and organize documents. With central storage of documents, directors no longer need to look through a myriad of email attachments to find what they need. The best portals for board meetings have advanced security features that make it difficult for malicious actors to gain access to sensitive information. This includes 256-bit AES encryption, multiple-factor authentication, and GDPR compliance.
There are a variety of board management software options available, but not all of them are created identical. When choosing the right solution for your business it is important to evaluate all options. During demos, inquire with prospective vendors about their user-friendly features and how to start. You don't have the time to spend learning about a new tool.
Also, you should consider a vendor's pricing model and whether they charge for additional users and administrators, training or amounts of storage for data. Some offer a free trial period that will help you determine if the product is appropriate for your business.
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