Must-Haves for Onboard Board Portals
After major financial scandals have rocked the markets and investors lost billions of dollars, companies began seeking ways to improve transparency and accountability. Board portals – also referred to as second generation portals were designed to ensure secure communication and sharing of documents between the board members while facilitating meetings.
Technology has changed and now incorporates additional features to help board members communicate more effectively in between and after meetings and make better decisions. However not all portals are created equal, and it is essential to know which tools your board actually needs in comparison to what it would be nice to have.
If your business is looking to upgrade to a new board management software or buy the first software, it’s important to determine the features that are crucial for satisfaction of users and strong return on investment. This article will assist you in choosing the right portal to meet your requirements. It will provide important features that need to be included in any board management software.
One of the most important features is a dedicated meeting agenda maker. This feature eliminates the need for sharing meeting materials via email and ensures that all board members receive an agenda copy. A dedicated task manager allows secretaries to assign tasks to board members, which allows everyone stay accountable.
Another feature that is essential is a secure document center that houses all the board’s documents all in one place. This tool lets board members avoid sending emails or uploading files to other file hosting services, such as Dropbox or Google Drive. It also provides them with peace of mind knowing that confidential information will be protected from any unauthorised users.
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