The board portal is an essential tool in the governance of an business. It is used by committees, boards and executive leadership teams to improve meetings workflows, collaborate effectively with security features in place and to align on strategic decisions. It reduces the time and costs spent on materials for boards. The numerous companies offering board software that provide solutions can make it difficult for businesses to choose the right software. An effective method to narrow down your options is by conducting a comparison of the board portal software. This includes assessing the security level, the desired tools for management of boards, and support and service.
Determine Your Needs
Find out what is most important to you for your board portal. This will include assessing the number of board members you have and what kind of information you will require to share. Find out the features required to meet these needs (e.g. secure messaging, D&O questionnaire help, around-the-clock client support). This information can then be used to assess boards portals and select one that best suits your business’s needs.
How can you evaluate the security level of your board portal
A high level of security is a must for board meetings, since they are where confidential and sensitive documents. Find a system that uses encrypted confidential files to shield your website from data theft and hacking. Additionally, a portal which has an audit trail can allow you to track who accessed and edited documents.
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