A board portal is an online software solution that allows executives and directors to share information and collaborate. It also facilitates meeting preparation and governance, allowing for better decision-making.
Modern board management software is more secure than email or file-sharing platforms, which could be easily hacked and leak confidential Board documents. It uses strong encryption, multi-factor authentication and high-security storage to safeguard board documents. Furthermore, it makes sure that only authorized personnel are able to access sensitive documents through using advanced security permissions and access controls.
A reliable portal for Boards will help your company’s policies for data retention and keeps an accurate record of all communications between Board members. This reduces the risk of liability and it also saves you time and money by reducing the number of administrative tasks associated with document management and meetings.
In the end, a high-quality board portal is easy to use and allows your Board of Directors to work according to the way they work. They can make informed decisions, engage in strategic discussions and work at work on the go or at home with an intuitive, mobile-first platform that can be used on any device.
It is important to get the support of the key stakeholders on your board in order to ensure that your new portal is implemented successfully. For instance it’s beneficial to include your chief information officer and the person in charge of governance https://fitboardroom.com/what-is-the-difference-between-bcp-and-disaster-recovery-planning/ or compliance, as well as IT advisors during the planning stages to address any questions or concerns they may have.