The board portal is a crucial tool in the governance of an business. It is used by committees, boards and executive leadership teams to enhance meeting workflows, collaborate confidently with security features in place and to align on strategic decision-making. It also cuts down on the time and cost of physical board materials. It can be difficult for organizations to select the appropriate tool, as there are many different software providers for boards. Comparing the various software available for board portals is a good way to narrow the choices. This involves evaluating the security levels and desired tools for managing boards and service/support quality.
Decide Your Needs
Find out what is most important to you for your board portal. This will include the number of board members are involved and what type of information you’ll need to disclose. Determine the features required to meet these needs (e.g. secure messaging, D&O questionnaire help, around-the-clock client support). This information can be used to assess board portals and choose the one that is most suitable for your company’s requirements.
Examining the Security Level of Your Board Portal
A high security level is a must for board meetings, as they are where confidential and sensitive documents. Look for a system which utilizes encrypted confidential files to protect your website from hacking and data theft. A portal with an audit trail enables you to track who has accessed or edited your documents.