The board portal is an important tool in the governance of an business. Boards, committees and executive leadership teams utilize it to optimize meeting workflows. They can collaborate in confidence, thanks to the security features and can align on strategic decisions. It helps reduce the time and costs spent on materials for boards. The countless board software vendors that provide solutions can make it challenging for companies to choose the best tool. An effective method to narrow down options is by conducting a comparison of software for boards. This includes assessing security level as well as desired tools for managing the board and service/support quality.
Determine Your Needs
To begin, decide on what is most important to your board portal. This will include assessing the number of board members you will have and top article what kind of information you will require to share. From there, you can determine what features are necessary to meet these needs (e.g. secure messaging, D&O questionnaire help, around-the-clock client support). The information gathered can then be used to evaluate boards portals and select one that is most suitable for your business’s needs.
Assessing the Security Level of Your Board Portal
A high security level is essential for board meetings as they will be discussing sensitive and confidential documents. Look for a system which utilizes encrypted confidential files in order to shield your website from hacking and data theft. A portal with an audit trail enables you to monitor who has accessed or edited the documents.