Board governance software is an electronic tool designed to help directors’ boards and their administrative staff with tasks such as organizing meetings, creating agendas and board-packs for meetings as well as taking minutes of meetings and assigning post-meeting duties. The top board software solutions come with a wide range of features that help streamline the entire process from start to finish, and allow for better communication and collaboration between administration and board members.
A primary benefit of using a board management software is that it provides a more secure alternative to communicating via email. The most reliable systems offer encryption and clear delineation of communication between your group and any third parties, thus reducing the risk of hacking, phishing attacks, or missed communications.
Other advantages of boards portals include the ability to create and store a book of board meetings which allows you to avoid expensive printing, distribution and storage charges. The platform gives access to all documents as well as meetings and other action items all in one location. The software can also help administrators and directors track their progress and work tasks that require their attention.
Finally, certain platforms like Cat Herder allow the creation of proposals that can then be put to vote by more info here the board between meetings. This can increase transparency and accountability. It also assists when members must abstain from voting due to a conflict of interest. All of these capabilities are crucial when selecting the right governance software solution for your company.