After major financial scandals in the corporate world have shook industries and caused investors to lose billions of dollars, companies began to look for ways to improve transparency accountability, transparency, and accountability. Board portals, which were then referred to as second generation portals were designed to secure communication and sharing of documents between board members, while facilitating meetings.

The technology has evolved to include additional features that help board directors communicate better before, during, as well as after meetings, and make more informed decisions. Not all portals are the same and it’s essential to know which tools your board requires, versus what you would like to have.

If your company is thinking of the first board management software purchase or upgrading to a more modern solution, it’s important to determine which features are critical for smooth user experience as well as a high return on investment (ROI). This article will help you choose the best option to meet your needs. It will provide essential features that must be included in any board management software.

A dedicated agenda builder for meetings is one of the most useful features. It reduces the need to share the agenda via email, and ensures that all board members receive an official copy of the agenda. A dedicated task manager allows secretaries to assign tasks to board members, which assists everyone to be accountable.

A secure document center is a must-have feature that houses all the board’s documents in one place. This tool lets board members avoid sending files via email or uploading to other service providers like Dropbox or Google Drive. It also provides them with peace of mind knowing that their sensitive information is safe from unauthorised users.

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