The board portal is a key element of an organization’s governance tools. It is used by committees, boards and executive leadership teams to optimize meeting workflows, collaborate confidently with security features in place and align on strategic decisions. It cuts down on time and expense spent on board materials. It can be a challenge for businesses to select the appropriate tool, as there are many software companies that offer board management. Comparing the various software available for board portals is a great way to narrow your choices. This can include assessing the security level and desired tools for board management and service/support quality.
Determine Your Needs
Decide what is most important to you in your board portal. This includes taking a look at the number of board members as well as the type of information you will be sharing. From there, you can determine informative post what features are necessary to meet those needs (e.g. secure messaging, D&O questionnaire help, around-the-clock client support). This information can later be used to analyze board portals and select the one that best meets the needs of your company.
How to evaluate the security level of your board portal
A high level of security is essential for board meetings, since they are where confidential and sensitive documents. Choose a system that uses encrypted confidential files to shield your website from data theft and hacking. Additionally, a site that has an audit trail will allow you to track who has accessed and edited documents.