Board members are a key group of stakeholders that have an important role to play in the success of your company. The effectiveness of your board is determined by the manner in which they communicate and collaborate. BoardManagement can help you implement best practices for your board meetings and documents.
The Board of Directors Portal
A board portal is a software that lets members access their central library of meeting materials, which includes the next meeting’s agenda and other important documents, from any Internet-enabled device. It does away with the need for email attachments, which are vulnerable to cyber attacks, or to distribute and print paper-based packets that can easily be lost or thrown away. It also provides security and security platform for discussions and collaborative work than email.
The right board management software can also help improve the communication with your stakeholders and keep everyone in the loop in the process of making decisions for the board. Some board portals, for example, allow you to upload files, share them, make calendars of documents and manage meeting minutes to ensure that everyone is informed of what’s happening.
Another advantage boards of directors often find useful is the ability to conduct a live discussion and collaborate on important matters during meetings, regardless of the location of their meeting. This is particularly beneficial for those who travel often or work in remote locations.