Board governance is a framework that defines how a business is run. As companies expand their meeting and board processes must be able to grow. Old methods, like applications for file sharing and email are lengthy and inefficient. Board management software can make these processes more efficient, allowing board members to concentrate on the most important things: making decisions that drive the company forward.
Digital board portals, which differ from traditional board books, provide directors with one secure, single place to access all meeting materials and to communicate. Board members can utilize an intuitive interface to review and comment on documents in real-time even while simultaneously from different locations. They can create private or public discussion rooms and communicate directly with each others via messaging tools. These tools allow directors to be involved prior to and after meetings, so they can make informed decisions.
Board portals should provide an easy-to-use interface and offer accurate uptime statistics. They should also be secure. Data encryption and robust hosting of the applications are crucial and so is the ability to track and upload every action to ensure compliance. With features such as reminders and notifications, directors will know when it’s time to send an eSignature, vote on open approvals, or take part in surveys.
Govenda, a simple-to-use board governance software, is designed to make it simpler for directors and administrators review their duties. The software is easy to use, and offers an intuitive, user-friendly interface and flexible dashboards. It provides enterprise-grade protection, including AES-256 encryption of documents, multi-factor authentication and permissions based on roles and groups remote wiping, permanent purge, and audit trail.