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Board governance software is an electronic tool that assists board directors and their administrative staff and their boards to manage the responsibilities involved in arranging meetings, creating documents, sharing them, and ensuring compliance. This type of technology can facilitate more efficient and effective meetings, and can eliminate manual processes that are labor-intensive.
Understanding your requirements is the first step in choosing the right board portal. Look for a solution which allows you to make and share agendas for meetings, distribute documents, record minutes, and check the compliance with different legal and regulatory requirements that are specific to your industry. Furthermore, the top board management systems include a video feature that allows you to hold seamless remote meetings.
Some top-rated board portals also provide useful governance resources to aid in your decision-making and help your board members in being as prepared as possible. They may include boards and news reports that are curated along with an extensive collection of analytics that help you understand your company’s performance and how it’s performing.
Be sure that all meeting materials are accessible through an intuitive, user-friendly interface. Replace your insecure emails with a safe, secure system to keep track of all board communications and eliminate the need for multiple sources for information. The top board management software will also protect your information using advanced cybersecurity features such as encryption of data, two factor authentication, and secure storage in the cloud. Look for a provider with top-quality support, with representatives available 24/7 via live chat, or one-on-one training for administrators and board members.
