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The board portal is an essential tool in the governance of an company. It is used by boards, committees and executive leadership teams to streamline meeting workflows, collaborate confidently with security features in place and align on strategic decisions. It can reduce the time and expenses spent on materials for boards. The countless board software vendors that provide solutions can make it challenging for businesses to choose the best tool. Comparing board portal software is a good way to narrow the choices. This includes assessing security levels and desired tools for board management and service/support quality.
Make a decision about your needs
To begin the process, decide on what is most important to your board portal. This includes taking a look at the number of board members and the type of information you will be sharing. Find out the features required to meet these needs (e.g. secure messaging, D&O questionnaire help, around-the-clock client support). This information can be used to analyze board portals and select the one that best fits your business’s needs.
Evaluating the Security Level of Your Board Portal
Board meetings must have a high degree of security as they will be discussing confidential and sensitive documents. To ensure your portal is as secure as it can be make sure you choose a platform that uses encrypted confidential files to guard against data theft and hacks. A portal that has an audit trail lets you to monitor who has accessed or edited your documents.