Board portal technology enables boards to function more efficiently, improving governance processes for businesses of all sizes and sectors. Highly regulated companies, such as insurance and healthcare firms, use board portal solutions to help them comply with the regulatory requirements while remaining focused on business development. Other kinds of boards, such as those for small companies, also benefit from a speedy and effective process for board meetings, which can lead to enhanced governance and a more productive business.

Utilizing a board of directors management tool can eliminate the requirement for physical meetings, making significant savings in costs. Furthermore, a high-end board portal will offer advanced tools for collaboration, resulting in time savings and increased efficiency in meetings.

The most effective boards portals allow board members to comment on and discuss subjects in an electronic format. They also monitor the progress of actions items. Having this discussion in the portal is a way of removing sensitive information from personal email http://boardroomplus.info/can-board-members-meet-in-private inboxes where it can be easily discovered or misplaced, and minimizes risks associated with accidental sharing of confidential board documents.

Everyone involved should be engaged and committed to the implementation of the new portal. A successful implementation starts with identifying at least one or two «board portal champions» within your company and who will help explain the benefits and provide training for the rest of the team. Choose these individuals early in the process, and plan training sessions for each of them before their first meeting with the new board portal.