The board portal is an essential component of an organization’s governance tools. It is utilized by committees, boards and executive leadership teams to improve meeting workflows, work together with security features in place and coordinate on strategic decision-making. It also reduces costs and time spent on physical board materials. The countless board software vendors that offer solutions can make it challenging for companies to choose the right tool. An effective method to narrow down your options is to conduct a comparison of the board portal software. This includes assessing the security level, desired tools for board management, and support and service.
Make a decision about your needs
To begin begin by deciding what is most important for your board portal. This will include determining the number of board members are involved and what type of information you’ll have to share. Determine the features needed to meet these requirements (e.g. secure messaging, D&O questionnaire help, around-the-clock client support). The information you’ve gathered can be used to assess the different portals available to board members and choose one that will meet your needs.
How do you assess the security of your board portal
A high security level is a must for board meetings, since they discuss sensitive and confidential documents. To help ensure your portal is as secure as possible make sure you choose a platform which uses encrypted confidential files to guard against hacks and data theft. Additionally, a site that has an audit trail allows you to track who has access to and edited your documents.