Board governance is the structure that defines how a business is managed. As businesses grow the process of meeting and boards have to expand. It can be slow and inefficient to use traditional methods such as files-sharing or email apps. Board management software can make these processes much more productive, enabling board members to concentrate on the most important things making decisions that propel the company forward.
Contrary to traditional formats for board books, digital board portals provide an easy, secure place for directors to access the meeting materials and communicate with each other. Board members are able to easily examine and annotate their files in real-time, using an intuitive interface, even from different locations or at the same time. They can also create discussions rooms that are private or public and also communicate directly with each other via messaging tools. These tools allow directors to stay involved before, during and even after meetings so that they can make informed decisions.
Board portals should have an easy-to-use interface as well as reliable statistics on uptime. They must also be secure. Data encryption and robust hosting of applications are essential and so is the capability to monitor and upload each action to ensure compliance. Directors will be informed when it’s time to send eSignatures, make votes for open approvals or respond to surveys using features like reminders and notifications.
Govenda, an easy-to-use board governance software platform is designed to make it easier for administrators and directors to check off their obligations. The software is simple to use, offering an intuitive and well-guided experience as well as flexible dashboards. It also provides security for enterprise with an AES 256 document encryption multi-factor authentication for role and group-based permissions, remote wipe, permanent purge and audit trail.