What is a board portal?
Board portals are secure, cloud-based board management software. They enable organizations to store, organize and share sensitive information in a digital format. They enable boards of directors, advisory panels, and administrators to efficiently manage their duties.
What are the benefits of a portal for boards?
A board portal can reduce costs by eliminating the need for hard copies to be printed and distributed. It also offers a more complete secure record system. It allows boards to collaborate on documents and to engage with one another in collaborative discussions.
What are the steps to take for arranging the board meeting.
Administrators create agendas for meetings and distribute it to board members to organize a meeting. They also set up electronic signatures, upload or update documents, as well in sending out meeting notifications. They also manage workspaces and users on portals.
How do board members gain access to the board portal
Board portals allow board members to access and read meeting materials from any location and at any point via an online or mobile application. They also have an embedded voting platform that allows them to secure vote during meetings and to automatically enter their votes into a meeting record.
When you are choosing a board portal, look for features that help ease routine activities like pre-meeting prep and the ability to update directors when dates or documents change. It is also important to inquire about how the product evolves in time to meet the evolving requirements of your company and governance best practices.