The board portal is a key element of an organization’s management tools. Boards, committees and executive leadership teams utilize it to enhance meeting workflows. They can collaborate with confidence, thanks to the security features and also align on strategic decisions. It helps reduce the time and costs spent on materials for boards. It is often difficult for organizations to select the best software because there are many different software providers for boards. A smart way to narrow down the options is to conduct an evaluation of the software used by boards. This involves evaluating the security level, as well as tools for management of boards, and support and service.
Decide Your Needs
To begin begin by deciding the most important aspects for your board portal. This includes assessing how many board members you have and what kind of information you will need to disclose. Determine the features needed to meet these requirements (e.g. secure messaging, D&O questionnaire help, around-the-clock client support). This information can be used to evaluate board portals and select the one that best fits your company’s needs.
How do you assess the security level of your board portal
Board meetings need to be conducted with a high level of security due to the fact that they will be discussing confidential documents and sensitive information. To ensure your portal is as safe as it can be, look for a system that has encrypted confidential files that protect against hacks and data theft. Additionally, a portal which has an audit trail that allows you to track who has accessed and edited documents.
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