https://fitboardroom.com/whats-the-problem-with-business-data-security/ Board portals are a central repository for all information related to boards. They permit directors to access up-to-date and...
Board portals are a central repository for all information related to boards. They permit directors to access up-to-date and relevant material from anywhere. They can prepare for meetings, organize their tasks and collaborate with colleagues on projects. Board members are also authorized to sign documents with digital signatures, eliminating the need for costly printing and distribution.
The implementation of a board portal can allow organisations to save significant costs and resources while improving efficiency and effectiveness. It is important to consider the specific needs of your organization when selecting a solution for managing your board. Choose a vendor with solutions and pricing that can meet the requirements of your board.
In the past, Boards would typically receive board meeting packets in the form of paper via courier, which would take days to be delivered and opened. Through a portal for boards, the process can be reduced to hours, and meeting agendas, reports, presentations and other materials can be sent out immediately to attendees. The board portal can also be used to host video-telephony conferences giving a seamless experience for the directors.
It is essential that the portal chosen for board use is secure. This includes features like data encryption and password complexity control, and also tracking user activities to reduce the possibility of unauthorized entry. It should be able to demonstrate conformity to industry standards like ISO 27001 and SOC 2 certifications, with facilities that offer physical, personnel and procedural security measures.