The board portal is an important element of an organization’s governance tools. It is used by committees, boards and executive leadership teams to enhance meeting workflows, and collaborate using security features and to align on strategic decisions. It also reduces costs and time spent on physical board materials click this. It isn’t easy for companies to select the best tool due to the many board software vendors. An effective method to narrow your choices is to conduct a comparison of software for boards. This involves evaluating the security level as well as desired tools for managing the board and service/support quality.
Determine Your Needs
To begin the process, decide on what is most important for your board portal. This will include taking a look at the number of board members and the type of information that you will be sharing. From there, you can determine the features required to meet the needs of your board (e.g. secure messaging, D&O questionnaire help, around-the-clock client support). The information you have gathered can be used to evaluate the different portals available to board members and choose the one that best is best suited to your business’s requirements.
Evaluating the Security Level of Your Board Portal
Board meetings must have a high level of security due to the fact that they will be discussing confidential and sensitive documents. Find a system that utilizes encrypted confidential files in order to shield your website from data theft and hacking. Additionally, a site that has an audit trail can allow you to track who read and edited the documents.
