What to Look For in a Board Portal Solution
A board portal solution is a collection of digital tools which bring all stakeholders into the board. These tools reduce admin allows collaboration, and facilitate enhanced discussions and governance monitoring. This enables the board to make better decisions quicker and to comply with changing regulations with confidence.
The most effective board portal solutions are user-friendly for all members, regardless their level of tech proficiency, and help save time and energy by automating processes and reducing reliance on email. This enables them to focus more time on governance issues and enhance meeting planning and in-meeting discussion.
It is also crucial that any board portal be secure and include an audit trail that is thorough. So, those who manage the organisation can be assured that the portal is strictly adhered to data privacy standards. Furthermore, communication between members is handled within the portal instead of in individual emails which are more vulnerable to cyber-attacks.
The right portal will safeguard board-level documents at each stage of their life cycle. Features such as remote wipe, role-based authorizations and permanent purge will ensure that information is not lost or thrown away.
Furthermore, a great board portal should also provide an array of scheduling options for meetings and other activities. This will allow board members to attend meetings from any location and at any time and can be other extremely useful for remote or hybrid meetings. It should also incorporate video conferencing in those instances when a face-to-face meeting is impossible.