A board portal is an online management software platform which directors and corporate officials can use to organize meetings to access resources and work with one another. Board portals are an excellent way to save time. They serve as secure storage facilities for Board documents and allow for easy collaboration. Any modifications to documents can be made immediately available to ensure that the information is up-to-date.
Many portals for board members offer additional functionality, such as the synchronisation of meeting times and document approval through electronic signature, and online voting, which can streamline processes and cut down on paper. To protect sensitive information, many portals use strict security standards, including password complex policies and multi-factor authentication to prevent cyber attacks.
In addition, most board portals can be accessed via any web-connected device, including smartphones and tablets. This enables directors who travel and are still in a board position to remain active by being able to review documents and Recommended Reading take part in board discussions from any place.
Like with all types of software, it’s important to assess the level of support offered by a provider of board portals. This includes the quality and availability of training videos and user guides and the capacity of the support team to answer questions quickly. Also, inquire about the frequency of updates made to the platform to ensure it is up-to-date with best governance practices and meets the requirements of your company.