As businesses grow their boards, the responsibilities associated with them–grow as well. As a result, it can become increasingly difficult for board members to keep track of the preparations for meetings using outdated tools such as email and file sharing apps or even physical binders of meeting notes and materials. Board governance software makes it easier for boards to communicate and collaborate with one in the course of their work making sure everyone stays organized and efficient, while ensuring that important information isn’t lost or misplaced.
Before you choose a provider make sure the platform has all the tools you and your team require to enhance meetings and governance. It’s also recommended to review the pricing structure to ensure that the solution you choose is reasonable for your business.
Board portals make it simple for board members to access all of their needed documents
Centralize all documents, such as agendas, meeting minutes, and board books, in an online location. Replace internal servers and eliminate the need to email private documents back and forth.
Virtual Voting Allows Board Members the Freedom to be a part of the Board at any time
A reliable tool for managing the board will allow board members to attend meetings irrespective of their availability. Virtual voting makes it easier to receive feedback from the board and make rapid decisions. It’s also easier to vote anonymously on sensitive issues that give members the assurance they’re required to voice their opinion. This feature can be particularly useful for smaller organizations, in which members may not be capable of attending in person due to scheduling conflicts.