What is a Board Portal?

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October 23, 2023
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A board portal is a cloud-based solution that allows directors, executives and other members of the senior leadership team to collaborate effectively and share information. It also helps them streamline meeting preparation and governance processes which allows for better decision-making and improved governance results.

In contrast to file-sharing or email platforms that can be easily hacked, spilling confidential Board materials to prying eyes Modern board management software is secure. It utilizes strong encryption, multi-factor authentication, and high-security storage for the protection of board documents. It also ensures that only individuals with the proper authorizations are able to access sensitive documents.

Another key feature of a reliable board portal is that it complies with your company’s data retention policies and keeps track of all communications between Board members. This mitigates the risk of liability and also saves time and money by reducing the amount of administrative tasks associated with meeting management and document management.

In the end, a high-quality board portal is simple to use and allows your Board of Directors to work the way they work. No matter if they are on road or at home, they will be able to make informed decisions and engage in strategic discussions using an intuitive mobile-first platform that can work with their preferred devices.

The approval of key stakeholders in your board is essential to ensure that your new portal is implemented successfully. It’s important to include your chief information officer, the person accountable for governance or compliance, and IT advisors at the planning phase to discuss any concerns or issues they may have.

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