Board Management Tools
In addition to having a solid centrally managed storage and distribution system, a good board management software should also include collaborative tools for recording meeting notes as well as actions items. This allows for the entire board to be accountable for decisions taken during and after a meeting.
A good tool will allow participants to edit meeting materials on any device such as tablets, smartphones and even desktops. It should also provide an extremely secure environment. This includes encryption and multiple layers of protection and off-site storage of data. All of this should be offered at a fair, transparent price without hidden charges or subscription charges.
Administrators can cut the time needed to prepare for board meetings from hours to minutes using the most modern software. This ensures that all participants are well-prepared and ready for their board meeting. A wide range of features includes a calendar and email integration, eSignature functionality, granular user permissions, secure file sharing and unlimited storage. Other key features include survey tools, meeting recording, video conferencing as well as board book creation.
A good board portal is a an entire governance solution that streamlines every aspect of your board’s meetings. It’s time to put away paper board packets and scattered emails. A centralized cloud-based meeting solution is a more cost-effective replacement for outdated tools. It also increases transparency and accountability within your business. You can even save money on printing and courier fees with a great tool. Book a demo to see how.
https://firstboardroom.com/best-practices-of-board-governance-2021