A board portal is a web-based software solution that disaster recovery planning allows executives and directors to work together and share information. It also assists them in streamlining the process of preparing meetings and governance that allow for better decision-making as well as better governance outcomes.
As opposed to file-sharing platforms or email that can be easily hacked and leak confidential Board materials to the scrutiny of a snooper Modern board management software is secure. It utilizes secure encryption methods as well as multi-factor authentication and high-security data storage to protect board documents. It is also a way to ensure that only those who have the appropriate permissions are able to access sensitive documents.
A dependable board portal supports your company’s policies on retention of data, and keeps the records of every communication between Board members. This reduces the chance of legal liability and saves time and money with the reduction of administrative tasks in the management of documents and board meetings.
A good board portal is easy to use and allows your Board of Directors to work the way they work. While on the road or at home, they can continue to make informed choices and engage in strategic discussions through an intuitive mobile-first platform that can work with their preferred devices.
Getting the buy-in of the major stakeholders on your board is essential to ensure that your brand new portal will be implemented successfully. It’s important to include your chief information officer, the person accountable for governance and compliance, as well as IT advisors at the planning phase to discuss any concerns or issues they may have.