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A board portal consists of an online platform that directors and company officials can use to plan meetings, access resources and communicate with one another prior to and after meetings. It also includes tools that aid in improving the fundamental principles of governance, such as meeting efficiency and security.
Having a board portal de can save time and energy for board members and administrative staff by automating processes that were typically manual. They can then focus on preparing meetings and providing quality governance in a shorter amount of time. This facilitates more efficient and effective communication between directors in different regions of the nation or even the globe.
It is important to know the features your company requires and what’s possible within your budget. Vendors offer different levels of value. These range from quantitative metrics like cost to qualitative ones, such as the ease of use and involvement of directors. You can make the best decision for your business by carefully reviewing all your options and speaking to other colleagues about their experiences with various software for managing boards.
A reliable and feature-rich portal for your board can host all the documents that are managed by your board on a regular regular basis in a secured document center. These documents are accessible only by the relevant stakeholders with permissions determined based on roles and duties. This is a great way to reduce storage costs and the need for physical binding devices. Furthermore, a reliable board portal can integrate with videoconferencing applications like Zoom, Microsoft Teams and GoToMeeting to ensure that all the tools you need are in one place.