The portal for directors is an encrypted tool that simplifies boardroom operations for directors, executive officers and company leadership. It lets members collaborate with each other, share confidential information and make decisions on an centralized platform that is accessible via any device. It also aims to provide a consistent and efficient way for stakeholders to access materials for meetings, participate in discussions, and vote.
As companies seek to modernize their processes for boardrooms, board management software is gaining in popularity. In many cases, this is changing from traditional practices to stakeholder governance, where boards consider the long-term value creation for their employees, consumers, communities and the environment and also shareholder returns.
A board portal is an effective tool that organizations can use to implement this change. It improves collaboration and communication, and helps prepare boards for the new issues. It also lets them adopt new business practices to enable their businesses to compete in the current and future market.
The most important features of a board directors portal include the ability to store all important data and KPI reports in one location, real-time performance monitoring, the ability for online voting and much more. This allows directors to keep informed about important issues as well as collaborate with fellow members, and attend meetings even if they are unable to attend physically.
Additionally, boards portals can be a more efficient option to sending documents in email. When a board member receives an item prior to an event, they have the ability to go through and mark it up prior to the actual meeting, which makes them more prepared for discussion and making sure that they are completely engaged during the meeting. It is also important to have a system that allows directors to access the portal on their mobile devices.
http://www.thedailyboardroom.com/board-meeting-voting-terminology