The board portal is an essential element of an organization’s governance tools. Boards, committees, as well as executive leadership teams use it to optimize meeting workflows. They are able to collaborate with confidence due to the security features and also align on strategic decisions. It can reduce the time and expense spent on board materials. It is often difficult for organizations to select the appropriate tool due to the many companies offering software for boards. One way to narrow down the options is to conduct a comparison of the board portal software. This includes evaluating the security level, desired tools for board management and support and service you can try these out.
Decide Your Needs
To begin the process start by deciding on what is most important to your board portal. This includes the number of board members you will have and what kind of information you’ll have to share. From there, consider what features are necessary to meet the needs of your board (e.g. secure messaging, D&O questionnaire help, around-the-clock client support). The information you have gathered can be used to assess the different portals available to board members and choose one that suits your business’ requirements.
How to evaluate the security level of your board portal
A high security level is a must for board meetings, since they will be discussing sensitive and confidential documents. Find a system that uses encrypted confidential files in order to protect your website from hacking and data theft. Additionally, a portal which has an audit trail that allows you to track who has opened and edited documents.