As companies grow and expand, their boards – and the responsibilities that come along with them — expand. It can be challenging for board members who are using old-fashioned tools such as files-sharing and email to keep up with the preparations for meetings. Board governance software lets boards collaborate and communicate more efficiently. It helps ensure that important information doesn’t get lost or lost or forgotten.
Before selecting a service make sure it has all the tools you and your team need to improve meetings and governance. You should also look at the pricing structure to ensure that the solution is affordable for your company.
Board Portals Make It Simple for Board Members to Access All of the Documents they require
Centralize all documents, such as agendas and minutes of meetings in one place. Replace internal servers to eliminate the need for private documents to be emailed back and back.
Virtual Voting Allows Board Members the Right to be a part of the Board at any time
A good board management tool should allow members to take part in meetings regardless of their availability. With virtual voting, it’s easier to solicit input from the entire board and take decisions quickly. It’s much easier to vote anonymously, giving members the confidence to express their opinions. This feature is especially helpful for smaller organizations in which members may not be capable of attending in person due to scheduling conflicts.