The Benefits of Board Portals
Board portals provide benefits that go beyond the digitization of paper documents. They allow directors to plan meetings, manage tasks and work with fellow members by empowering them to maintain and improve governance in specific ways.
For example, when director receives a notification from the company secretary telling her that her board documents have been uploaded to the portal, she’s aware that she can devote time to them on the weekend or Tuesday afternoon to stay ahead of the meeting agenda and note important questions or issues. She can also use real-time analytics on the portal to learn how directors interact with the materials before the meeting and how long they devote to each piece of paper or document.
This is particularly beneficial for directors with a busy schedules who have limited time to devote to the board. A well-designed board portal is able to be accessible at any moment, using any device. Since the majority of board members boardrights.com have their own devices to access other online services, it does not require a steep learning curve.
When evaluating various vendors be sure to take into account other features. While user-friendliness is a major factor for most directors but it’s not only the primary one. For instance, some portals offer tools that enable directors to vote and keep notes of their decisions. This helps the secretary and allows the board to make changes between meetings.