Board governance is the framework that outlines how a company is managed. As businesses expand their meetings and boards need to expand. Using old methods, such as file-sharing and email apps are lengthy and inefficient. Board management software can make these processes more efficient, allowing board members to concentrate on what is most important – making decisions that move the organization forward.
As opposed to traditional board book formats digital board portals offer a single, secure space for directors to access all meeting materials as well as communicate with each other. Board members can review and annotate files in real time using a user-friendly interface, even from different locations or simultaneously. They can also create discussions rooms that are private or public and connect with one another via messaging tools. These tools let directors stay involved before and after meetings so that they can make informed decisions.
Board portals must provide an easy-to-use interface and offer reliable uptime statistics. They should also be secure. Data encryption and secure hosting of applications are vital along with the ability to track and record every action for compliance purposes. Directors will be informed when they are due to submit electronic signatures, to vote on open approvals, or respond to surveys by using features such as reminders or notifications.
Govenda, an easy-to-use board governance board governance software software platform is designed to make it easier for directors and administrators manage their duties. It is easy to master, offering an easy-to-follow, user-friendly experience and a variety of dashboards. It offers enterprise-grade security, with AES-256 encryption of documents, multi-factor authentication, permissions according to roles and groups remote wiping, permanent purge and audit trail.