The board portal is an essential instrument in the governance of an organization. Boards, committees, as well as executive leadership teams use it to streamline meeting workflows. They can collaborate with confidence, thanks to the security features and be aligned on strategic decisions. It also reduces costs and time spent on physical board materials. The multitude of board software vendors that offer solutions can make it difficult for organizations to pick the best tool. Comparing software for board portals is a great method to narrow options. This can include assessing the security levels and desired tools for board management and service/support quality.
Find out what you need.
To begin start by deciding on the most important aspects for your board portal. This includes assessing how many board members are involved and what type of information you’ll require to share. From there, you can determine the features that are required to meet the needs of your board (e.g. top article secure messaging, D&O questionnaire help, around-the-clock client support). The information gathered can then be used to evaluate board portals and choose the one that best fits your company’s needs.
How can you determine the security level of your board portal
A high level of security is a must for board meetings, as they are where confidential and sensitive documents. Make sure you choose a platform that utilizes encrypted confidential files in order to protect your portal from data theft and hacking. Furthermore, a portal that has an audit trail allows you to track who read and edited the documents.