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As companies expand, their boards–and the responsibilities that go with them–grow as well. It can be difficult for board members who are using old-fashioned tools like email and file-sharing applications to keep up with the planning of meetings. Board governance software allows boards to communicate and collaborate with one during the process and helps everyone stay organized and efficient while ensuring that crucial information isn’t lost, or misplaced.
Before choosing a provider, ensure that the platform you choose has all the tools you and your team need to improve governance and meetings. Also, you should consider the pricing structure to ensure that the solution is affordable for your company.
Board portals make it easy for board members to access all their required documents
Centralize all documents such as agendas and meeting minutes in one digital location. Replace internal servers to eliminate the need for private documents to be sent back and back.
Virtual voting gives board members the flexibility to participate at any time
A reliable board management tool will allow members to attend meetings regardless of availability. Virtual voting makes it easier to receive feedback from the board and make rapid decisions. It’s much easier to vote anonymously, which gives members the confidence to express their opinions. This feature is particularly useful for smaller organizations, where certain members aren’t able to attend meetings in person due to scheduling conflicts.