Board governance is the framework which defines how a firm is run. As companies grow and expand, the board process and meetings need to be adapted to the demands of. Utilizing old methods, like email and file-sharing apps can be time-consuming and inefficient. Board management software can make this process more productive and allow board members to focus their efforts on what is most important making decisions that help move the company forward.
Contrary to traditional formats for board books digital board portals offer a single, secure space for directors to access all meeting materials as well as communicate with one another. Board members can use an intuitive interface to review and annotate documents in real-time, even simultaneously or from multiple locations. They can also create public or private discussion rooms and connect with one another via messaging tools. These tools allow directors to remain active prior to, during and even after meetings, so that they can make informed decisions.
Board portals should have an easy-to-use interface and offer accurate uptime statistics. They must also be secure. Data encryption and secure application hosting are a must and should be able to track every action and upload to ensure compliance. With features such as reminders and notifications, directors will be aware when it’s time to send an electronic signature, approve open approvals, or take part in surveys.
Govenda, an easy-to use board governance software platform is designed to make it easier for directors and administrators take care of their responsibilities. The software is simple to use, and offers an intuitive user interface and flexible dashboards. It also provides security for enterprises, with AES-256 document encryption, multi-factor authentication, role and group based permissions, remote wipe, permanent purge, and audit trail.
