The use of software for board portals has become a common feature for organizations that wish to streamline meeting management processes which will increase productivity and improve governance. The trend is global and is fueled by a number of factors that include a growing demand for transparency and risk mitigation from regulatory bodies, a rise in tech-savvy executives thedailyboardroom.com/board-meeting-voting-terminology/ who join boards, the capability to cut costs through efficiency improvements and an increasing desire to recruit younger directors with strong technological backgrounds.
The extensive capabilities of modern board portals means that officials of the organisation can manage everything they need to do for their meetings in one place. This allows them to save time and money on the use of different tools for tasks such as document management or communication, and even voting. It also lets them concentrate on the preparation of meetings and the delivery of high-quality information that helps in the success of board meetings.
Board members should be able to access most up-to-date documents and data analysis to make informed decisions that align with the company’s goals. Digital board portals allow directors to collaborate on documents and discussions with others in a single session regardless of where they are or device. They also allow for anonymous voting on sensitive issues.
The ‘anytime and anywhere’ remote accessibility that is provided by modern board portals allows directors to log on from any device or location and without the need for special software or app downloads. They can work from the comfort of their homes or in a restaurant, at an airport, or even in the field.