The board portal is an essential element of an organization’s governance tools. Boards, committees and executive leadership teams use it to improve the workflow of meetings. They can collaborate with confidence thanks to the security features and also align on strategic decisions. It cuts down on time and expenses spent on board materials. It is often difficult for organizations to select the best software because there are many software companies that offer board management. Comparing board portal software is a smart way to narrow down your options. This involves evaluating the security level, as well as tools for board management and service/support.
Make a decision about your needs
Choose what is most important to you in your board portal. This will include assessing the number of board members as well as the kind of information you will be sharing. Find out the features required to meet these needs (e.g. secure messaging, D&O questionnaire help, around-the-clock client support). The information you have gathered can be used to assess the available board portals and choose the one that best will meet your needs.
Evaluation of the Security Level of Your Board Portal
Board meetings need to be conducted with the highest level of security due to the fact that they will be discussing confidential and sensitive documents. Choose a system that utilizes encrypted confidential files in order to shield your website from hacking and data theft. A portal with an audit trail allows you to track who has accessed and edited documents.