The board portal is a vital instrument in the governance of an organization. It is utilized by committees, boards and executive leadership teams to improve meeting workflows, collaborate confidently using security features and ensure that they are aligned on strategic decisions. It helps reduce the time and expense spent on board materials. The numerous companies offering board software that provide solutions can make it challenging for businesses to choose the right software. Comparing board portal software is a great way to narrow the choices. This includes assessing security level and desired tools for managing boards and service/support quality.
Make a decision about your needs
Find out what is most important to you for your board portal. This will include looking at the number of board members and the type of information that you will be sharing. Then, determine what features are necessary to meet the needs of your board (e.g. secure messaging, D&O questionnaire help, around-the-clock client support). This information can be used to assess board portals and select the one that best meets your business’s needs.
How can you determine the security level of your board portal
Board meetings need to be conducted with the highest level of security as they will be discussing sensitive and confidential documents. Make sure you choose a platform that uses encrypted confidential files to protect your portal from data theft and hacking. Furthermore, a portal that has an audit trail that allows you to track who has access to and edited your documents.