The board portal is an important tool in the governance of an business. It is used by committees, boards and executive leadership teams to optimize meetings workflows, collaborate effectively with security features in place and coordinate on strategic decisions. It also reduces costs and time spent on physical board materials. The numerous companies offering board software that offer solutions can make it difficult for organizations to select the right software. Comparing the various software available for board portals is a great way to narrow down your options. This involves evaluating the security levels and desired tools for managing boards and the quality of service/support.
Make a decision about your needs
Determine what is important to you for your board portal. This will include looking at the number of board members as well as the type of information you will be sharing. Then, determine what features are needed to meet these needs (e.g. secure messaging, D&O questionnaire help, around-the-clock client support). The information gathered can then be used to evaluate board portals, and select the one that is most suitable for the needs of your company.
How do you assess the security of your board portal
Board meetings must have an extremely secure environment because they are discussing sensitive and confidential documents. Choose a system that uses encrypted confidential files in order to protect your website from hacking and data theft. A portal with an audit trail will allow you to monitor who has accessed or edited documents.