Board portal technology helps boards to be more efficient, improving governance processes for businesses of all sizes and sectors. Highly regulated companies, such as healthcare and insurance companies utilize board portal solutions to help them meet regulatory requirements while remaining focused on business development. Other kinds of boards, for instance those for small companies, benefit from a streamlined and effective board meeting process you can try here that can result in enhanced governance and a more productive business.

Utilizing a board of directors management tool reduces the need for physical meetings, allowing for significant cost savings. In addition, a premium board portal can provide advanced tools for collaborative planning that result in time savings and improved meeting efficiency.

The most effective portals for board meetings provide the board with a central repository for documents, with the ability to track the progress of action items, and permit board members to make comments and discuss topics online. This discussion can be done within the portal, which removes sensitive information that might be lost or discovered in personal email accounts. It also reduces the possibility of sharing confidential board materials.

All stakeholders should be engaged and committed to the implementation of the new portal. Everyone should be involved and dedicated to the implementation. The first step to a successful implementation is identifying at least one or two “board portal champions” within your company and who will help explain the benefits and provide training for the rest of the team. Choose these champions early in the process, and arrange training sessions for them prior to their first encounter using the new portal for board meetings.