The board portal is an essential instrument for the management of an business. Boards, committees and executive leadership teams utilize it to enhance meeting workflows. They can collaborate with confidence because of the security features and can align on strategic decisions. It also reduces the time and cost of physical board materials. It can be difficult for organizations to select the right tool, as there are many board software vendors. One way to narrow down the options is by conducting an evaluation of the software used by boards. This includes evaluating security level and desired tools for board management and the quality of service/support.
Know Your Needs
To begin to begin, you must decide what is most important to your board portal. This will include the number of board members and what type of information you will need to share. From there, consider what features are needed to meet those needs (e.g. secure messaging, D&O questionnaire help, around-the-clock client support). The information you’ve gathered can be used to assess the available board portals and choose the one that best is best suited to your business’s requirements.
How do you assess the security level of your board portal
Board meetings must be held with a high degree of security because they are discussing confidential documents and sensitive information. To ensure your portal is as secure as possible you should look for a system that utilizes encrypted confidential files to safeguard against data theft and hacks. Furthermore, a portal that has an audit trail will allow you to see who has access to and edited your documents.