Board management software is a digital tool used by directors’ boards as well as their administration support staff to aid in meeting preparation, document distribution and communication regarding key issues. They are paperless and users can connect and collaborate remotely via an internet browser or mobile app. The most effective systems have features that allow you to take notes and manage meetings, schedule agendas, communicate with documents, and collaborate on them in real-time. They also permit the recording of meeting minutes, keeping track of document versions, and monitoring the compliance with specific legal requirements or regulatory requirements based on the industry.

The selection of a suitable board portal must be made after a thorough assessment of the requirements of all members of the board including the board members, CEO and managers. The decision is usually driven by a number of pressing issues, such as security, cost-reduction and efficiency, however a thorough assessment should be conducted to ensure that the benefits are greater than the costs.

A good board management system must include the following features:

Secure data storage – Many companies provide cloud-based or physical services with secure encryption. The former comes with stricter standards, and also certified physical security. It should be possible to save all the documentation of the conference, not only PDFs and emails. The software must be able to encourage https://boardroomspace.info/board-management-roles-and-responsibilities good practice such as introducing key discussions and decisions early in the agenda and including safety and health issues.