The board portal is an important element of an organization’s governance tools. It is used by committees, boards and executive leadership teams to improve meeting workflows, work together with security features in place and align on strategic decisions. It also reduces costs and time spent on physical board materials. The multitude of board software vendors that offer solutions can make it challenging for organizations to select the right tool. Comparing board portal software is a great method to narrow your choices. This involves evaluating the security level, as well as tools for managing boards and service/support.
Determine Your Needs
To begin the process begin by deciding what is most important for your board portal. This includes assessing the number of board members are involved and what type of information you will have to share. Find out the features required to meet these needs (e.g. secure messaging, D&O questionnaire help, around-the-clock client support). The data you’ve collected can be used to analyze the different portals available to board members and choose the one that suits your business’ needs.
How to evaluate the security of your board portal
A high security level is essential for board meetings as they are where confidential and sensitive documents. To ensure that your website is as safe as it can be, look for a system that uses encrypted confidential files to safeguard against data theft and hacks. A portal with an audit trail will allow you to monitor who has accessed or edited the documents.