A board portal solution is a set of digital instruments that bring all stakeholders together on the board. These tools facilitate collaboration decrease administrative burden and enhance governance monitoring. This allows the board to make better decisions quicker and to be in compliance with the changing regulations in a timely manner.
The best solutions for board portals can be used by all members, regardless their expertise in technology. They also save administration time and effort by automating boardroom processes and reducing the use of email. This allows them to spend more time focusing on governance and enhancing the process of preparing meetings and discussions in-meeting.
It is equally important that any portal for boards be secure and have an audit trail with a solid foundation. So, officials of the company can be sure that the portal adheres to the privacy standards for data. Additionally, communication between members is contained within the portal rather than in individual emails which are more prone to cyber-attacks.
Board-level documents are among the most sensitive information in an organization, and the right platform will ensure that they are secured throughout their lifecycle. Features such as remote wipe, access rights based on roles and permanent purge help to ensure that data does not disappear or get lost.
A good board portal will offer a variety of scheduling options for meetings and other occasions. This allows board members to take part from anywhere and at any time, which can be very beneficial for hybrid or remote meetings. It should also include video conferencing during times where a face-toface meeting is impossible.