Features of the Board of Directors Portal
The use of board portal software is now a standard practice for organizations that wish to streamline the management of meetings improve efficiency and improve governance. This trend is globally-wide and is fueled by a myriad of factors, such as an increasing demand for greater transparency and risk reduction from regulators, a rise in the number of technology-literate directors joining boards, and the capability to reduce costs through efficiency gains.
Modern board portals provide a wide range of options to allow officials to manage all aspects of their meetings on the same platform. They can cut costs and time by utilizing a single system to manage tasks such as document management, communication and voting. This lets them concentrate more on the preparation for meetings, and the delivery of quality information that can help in the success of board meetings.
Board members need to be able access the latest data and documents to make informed decisions that align with their company’s strategic goals. Digital board portals enable directors to work with colleagues on documents and discussions simultaneously regardless of the location or device. They allow for anonymous voting to be done on sensitive issues.
The ‘anytime, anywhere’ remote accessibility that is provided by modern board portals enables directors to access their accounts from any device, at any time, and with no requirement for any special software or app downloads. Directors can work from home at a restaurant, in an airport, or in the field.
