The board portal is an essential tool for governing an organisation. It is used by boards, committees and executive leadership teams to optimize meetings workflows, collaborate effectively with security features in place and ensure that they are aligned on strategic decision-making. It also cuts down on the time and cost of physical board materials. The countless board software vendors that offer solutions can make it difficult for companies to choose the right software. Comparing software for board portals is a great way to narrow down your options. This includes evaluating the security level, the desired tools for management of boards, and service/support.
Determine Your Needs
To begin the process to begin, you must decide what is most important for your board portal. This will include assessing the number of board members are involved and what type of information you will need to share. Find out the features needed to meet these requirements (e.g. secure messaging, D&O questionnaire help, around-the-clock client support). The information gathered can then be used to assess board portals and choose the one that best suits your company’s requirements.
How to evaluate the security of your board portal
Board meetings should have an extremely secure environment due to the fact that 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 that has an audit trail lets you to keep track of who has accessed or edited the documents.
