The board portal is an essential tool in the governance of an company. Committees, boards, and executive leadership teams use it to optimize meeting workflows. They are able to collaborate with confidence thanks to the security functions and can align on strategic decisions. It also cuts down on costs and time spent on physical board materials. It is often difficult for organizations to choose the right tool, as there are many software companies that offer board management. Comparing the various software available for board portals is a smart way to narrow the choices. This includes assessing security levels as well as desired tools for managing the board and the quality of service/support.
Choose Your Needs
To begin start by deciding on what more helpful hints is most important for your board portal. This includes assessing how many board members you have and what kind of information you’ll require to share. Find out the features needed to meet these requirements (e.g. secure messaging, D&O questionnaire help, around-the-clock client support). This information can later be used to evaluate board portals and select the one that is most suitable for the needs of your company.
Evaluating the Security Level of Your Board Portal
A high security level is essential for board meetings, since they discuss sensitive and confidential documents. Choose a system that utilizes encrypted confidential files to protect your website from data theft and hacking. Additionally, a portal that has an audit trail that allows you to track who read and edited the documents.