The board portal is an important tool in the governance of an business. It is used by boards, committees and executive leadership teams to enhance meeting workflows, collaborate confidently with security features in place and ensure that they are aligned on strategic decisions. It also cuts down on costs and time spent on physical board materials. It isn’t easy for companies to select the appropriate tool because there are so many different software providers for boards. An effective method to narrow your choices is by conducting a comparison of software for boards. This includes assessing security level and desired tools for board management and the quality of service/support.

Choose Your Needs

Choose what is most important to you in your board portal. This will include determining the number of board members you have and what kind of information you’ll have to share. From there, identify what features are needed to meet the needs of your board (e.g. secure messaging, D&O questionnaire help, around-the-clock client support). The information you have gathered can be used to evaluate the various portals for board members and choose the one that best meets your company’s needs.

Evaluating the Security Level of Your Board Portal

A high security level is a must for board meetings as they discuss sensitive and confidential documents. Make sure you choose a platform that utilizes encrypted confidential files in order to protect your portal from data theft and hacking. Additionally, a portal which has an audit trail allows you to track who accessed and edited documents.

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