Board portal technology allows boards to work more efficiently, improving governance processes for companies of all sizes and in all industries. Board portal solutions are employed by companies that are highly regulated, for example, healthcare and insurance businesses, to meet regulatory requirements, while remaining focused on their business. Small business boards and other kinds of boards can also benefit from a smooth and efficient board meeting process. This can result in better governance and a more productive business.
A board management tool can eliminate the need for physical meetings and save you lots of money. Additionally, a top-quality board portal will offer advanced tools for collaborative preparation and a time-saving result and a better efficiency of meetings.
The most effective portals for board members let board members comment on and discuss subjects in http://www.boardroomplus.info/why-are-meeting-minutes-important/ a digital format. They also track the progress of actions items. Having this discussion in the portal eliminates sensitive information from personal email inboxes, where it is easily discovered or lost, and reduces the risks of accidental sharing of confidential documents for the board.
Ensure all stakeholders are involved and committed to the development of the new portal. The first step to a successful implementation is identifying at least two or three “board portal champions” within your company who can help inform stakeholders about the benefits and offer training for the others in the team. Choose these individuals early in the process, and schedule training sessions for them prior to their first meeting with the new board portal.
