What is a Board Portal?

Board portals act as a central repository of all board information. They permit directors to access current and relevant https://fitboardroom.com/best-practices-for-post-covid-19-board-meetings/ material from anywhere. They can then prepare for meetings, manage their work and collaborate with colleagues on projects. Board members are also authorized to sign documents using digital signatures, removing the need for costly printing and distribution.

The use of a board portal can allow organisations to save significant costs and resources, while improving efficiency and effectiveness. When selecting a board management system, it’s important to take into account the specific needs of your business. Select a vendor that provides solutions and pricing that meet the needs of your board.

Previously, boards were given meetings in a paper format via courier. It could take up to a few days for them to be opened and received. A board portal can cut the time to a few hours, and can send meeting agendas, presentations report and other documents to the attendees immediately. The board portal can also be used to host video-telephony meetings offering a consistent experience for the directors.

It is vital that the portal for board members chosen is secure, and has features like data encryption, password complexity controls and user activity tracking to reduce risks of access by unauthorized persons. It should also be able prove compliance with industry standards like ISO 27001, SOC 2 certifications and facilities that offer physical and procedural security.

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