Board governance is the structure that defines how a business is run. As companies expand their meeting and board processes need to expand. Old methods, like applications for file sharing and email are time-consuming and inefficient. Board management software can make these processes much more efficient, allowing board members to concentrate on what is most important: making decisions that drive the company forward.
Digital board portals, in contrast to traditional board books, offer directors with an unsecure, single location to access all meeting materials and also communicate. Board members can make use of an intuitive interface to easily review and annotate documents in real-time and simultaneously from multiple locations. They can set up private or public discussion rooms and communicate directly with each why not try these out with the help of messaging tools. These features allow directors to be involved prior to and after meetings, so they can make informed decisions.
Board portals should have an intuitive user interface and provide reliable statistics on uptime. They must also be secure. Data encryption and secure application hosting are essential as is the ability to monitor every action and upload for compliance reasons. Director’s will be notified when it’s time to send eSignatures, vote on open approvals or reply to surveys using features such as reminders and notifications.
Govenda, an easy-to-use board governance software platform, is designed to make it easier for directors and administrators check off their duties. The software is easy to master, and offers a guided, intuitive experience and a variety of dashboards. It provides enterprise-grade security with AES-256 encryption of documents, multi-factor authentication, permissions dependent on roles and groups, remote wiping, permanent purge and audit trails.
