As businesses grow, their boards–and the responsibilities that go along with them — expand. As a result, it can become increasingly difficult for board members to keep up with the planning of meetings using traditional tools like email and file sharing apps, or even physical binders of meetings notes and materials. Board governance software helps boards communicate and collaborate more effectively. It also ensures that important information doesn’t get lost or lost or forgotten.
Before you choose a provider ensure that the platform has all of the tools needed by your team to improve the quality of meetings and management. You should also take into consideration the pricing structure to make sure that the solution is affordable for your business.
Board Portals Make it Easy for Board Members to Access All of the Documents they require
Centralize all documents, such as agendas, minutes of meetings and more in one location. Replace internal servers to eliminate the need for personal documents to be sent back and back.
Virtual voting gives board members the ability to vote at any time
A reliable tool for managing the board should allow members to participate in meetings regardless of availability. With virtual voting, it’s easier to solicit input from the entire board and make decisions quickly. It’s also much easier to vote anonymously on sensitive issues and gives members the confidence they need to contribute their thoughts. This feature can be especially useful for smaller groups in which members may not be physically present due to scheduling conflicts.