As companies grow and their boards — and the responsibilities they carry along with them — expand. As a result, it becomes increasingly difficult for board members to keep up with the preparations for meetings using outdated tools like email and file sharing apps or even binders of meeting notes and materials. Board governance software allows boards to communicate and collaborate more efficiently. It also ensures that important information isn’t lost or forgotten.
Before you choose a provider, ensure that the platform has all the tools you and your team need to enhance meetings and governance. It’s also a good idea to look at the pricing structure to ensure the solution you select is affordable for your company.
Board portals make it simple for board members to access all important documents
Centralize all documents, such as agendas, meeting minutes, and board books, into one digital place. Replace internal servers to eliminate the need for personal documents to be sent back and forth.
Virtual Voting Gives Board Members the freedom to participate at any time
A reliable and efficient board management tool will allow board members to attend meetings regardless of availability. Virtual voting makes it easier to get feedback from the board and make quick decisions. It’s simpler to vote anonymously, giving members the confidence to express their opinions. This feature is especially beneficial for smaller organizations in which members may not be physically present due to scheduling conflicts.