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The board portal is an important tool in the governance of an organisation. It is used by committees, boards and executive leadership teams to streamline meeting workflows, collaborate confidently with security features in place and to align on strategic decisions. It cuts down on time and expenses spent on materials for boards. It is often difficult for organizations to choose the right tool due to the many software companies that offer board management. Comparing the various software available for board portals is a great way to narrow options. This includes evaluating the security level, preferred tools for managing boards and service/support.
Know Your Needs
Determine what is important to you in your board portal. This includes an assessment of the number of board members as well as the kind of information you will be sharing. Find out the features required to meet these needs (e.g. secure messaging, D&O questionnaire help, around-the-clock client support). This information can then be used to evaluate board portals, and select the one that is most suitable for your company’s requirements.
Examining the Security Level of Your Board Portal
Board meetings must be held with a high level of security due to the fact that they will be discussing confidential and sensitive documents. To ensure that your portal is as secure as it can be choose a system that utilizes encrypted confidential files to safeguard against hacks and data theft. A portal with an audit trail allows you to monitor who has accessed or edited documents.
