A board portal is an online tool that lets you to manage and share documents that are related to the work of your board or committee. The tools allow online collaboration and communication between board members and can be used to support a variety of additional functions, such as:

A variety of factors can drive the adoption of board portal software, including security concerns over email attachments that could cause serious risks and a need for greater engagement from directors, increased workloads for governance specialists, and the desire to improve internal processes and reduce risks. The most common starting point is an opinion from peers or industry insiders, a suggestion by the secretary of the company or chairperson of the board, or an invitation from a board member who already utilizes a board management software in a different position.

Boards of directors who have opted to use a portal for their meetings have noticed significant improvements to the effectiveness and efficiency. More companies are expanding their use of this software as the number of users grow. It is important to select the right board of directors portal service that can provide a high-quality service and a simple onboarding process. Begin the selection process by clearly explaining the benefits of a board management software solution to the key stakeholders. Identify and engage portal champions, usually from the board itself, to help launch the software and ensure success of the program’s implementation. This step is particularly important for organizations that have legacy systems that they will continue to use in https://www.boardroomhub.blog conjunction with the portal.