The board portal is an important instrument in the governance of an organisation. It is used by boards, committees and executive leadership teams to streamline meeting workflows, collaborate confidently using security features and coordinate on strategic decision-making. It also reduces the time and cost of physical board materials. The multitude of board software vendors that offer solutions can make it challenging for businesses to choose the right software. Comparing software for board portals is a good way to narrow your choices. This includes evaluating security levels, desired board management tools and service/support quality.
Make a decision about your needs
To begin start by deciding on what is most important for your board portal. This will include the number of board members and what type of information you’ll require to share. From there, identify the features required to meet the needs of your board (e.g. secure messaging, D&O questionnaire help, around-the-clock client support). The data you’ve collected can be used to assess the different portals available to board members and select the one that is best suited to your business’s requirements.
How do you assess the security of your board portal
A high security level is essential for board meetings, since they will be discussing sensitive and confidential documents. To help ensure your portal is as secure as you can make sure you choose a platform which uses encrypted confidential files to protect against data theft and hacks. Additionally, a portal which has an audit trail allows you to see who has opened and edited documents.