Board governance is the framework that defines how a business is run. As companies expand, their meetings and boards must be able to grow. Old methods, like file-sharing and email apps, can be costly and inefficient. Board management software can make these processes much more productive, enabling board members to focus on what is most important – making decisions that move the organization forward.
In contrast to traditional board book formats digital board portals offer a single, secure location for directors to access all meeting materials and to communicate with one another. Board members can access an intuitive interface to easily review and annotate documents in real-time, even simultaneously or from different locations. They can set up discussions rooms that are private or public and connect with each other directly via messaging tools. These tools allow directors to remain engaged prior to and after meetings so that they can come to the table with the information they need to make informed decisions.
Board portals should have a user-friendly interface and provide reliable statistics on uptime. They should also be secure. Data encryption and secure application hosting are essential and should be able to monitor every step and upload for compliance reasons. Directors will be notified when they are due to submit electronic signatures, cast votes on open approvals or reply to surveys by using features such as reminders or notifications.
Govenda, a user-friendly board governance software, is designed to make it simpler for administrators and directors to check off their obligations. It is simple to use, and offers an intuitive and well-guided experience as well as flexible dashboards. It provides enterprise-grade protection, including AES-256 encryption of documents, multi-factor authentication, permissions based on roles and groups, remote wiping, permanent purge, and audit trails.