A board portal is a web-based software solution that enables directors and executives to collaborate and share information. It also helps in meeting preparation and governance, allowing for better decision-making.
Modern board management software is more secure than file-sharing and email platforms, which can be easily hacked and leak confidential Board documents. It https://fitboardroom.com/best-practices-for-post-covid-19-board-meetings/ employs robust encryption methods as well as multi-factor authentication and high-security data storage to protect board documents. In addition, it ensures that only authorized personnel are able to access sensitive information by implementing advanced security permissions and access controls.
A reliable board portal also assists your company’s policy on retention of data, and keeps each communication between Board members. This minimizes the risk of liability and also saves time and money by decreasing the number of administrative tasks associated with meetings and management of documents.
A good board portal is easy to use and give your Board of Directors to operate as they please. When they are on the road or at home, they can continue to make informed decisions and participate in strategic discussions with the help of an intuitive mobile-first system that works with their preferred devices.
Getting the buy-in of the key stakeholders on your board is essential for ensuring that your new portal will be implemented successfully. For instance, it’s best to include your chief information officer and the person responsible for compliance or governance, as well as IT advisors in the planning stages to discuss any concerns or questions they may have.
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