The board portal is a crucial component of a company’s governance tools. Boards, committees, as well as executive leadership teams utilize it to optimize meeting workflows. They can collaborate with confidence, due to the security features, and align on strategic decisions. It helps reduce the time and expenses spent on board materials. It isn’t easy for companies to select the appropriate tool, as there are many different software providers for boards. The best way to narrow down the options is to conduct an evaluation of the software used by boards. This involves evaluating the security level, desired tools for board management, and service/support.
Find out what you need.
To begin begin by deciding what is most important to your board portal. This will include taking a look at the number of board members as well as the type of information that you will be sharing. Determine the features required to meet these needs (e.g. secure messaging, D&O questionnaire help, around-the-clock client support). This information can then be used to analyze board portals and select the one that is most suitable for your company’s requirements.
Evaluating the Security Level of Your Board Portal
A useful site high security level is essential for board meetings, as they are where confidential and sensitive documents. To help ensure your portal is as secure as it can be you should look for a system that uses encrypted confidential files to guard against hacks and data theft. Additionally, a portal that has an audit trail that allows you to track who has read and edited the documents.