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As companies grow and expand, so do their boards and the responsibilities they bring. It can be difficult for board members who are using old-fashioned tools like email and file-sharing apps to keep track of the preparations for meetings. Board governance software lets boards communicate and collaborate more effectively. It also ensures that important information doesn’t go missing or lost or forgotten.
Before you choose a provider make sure that the platform you choose has all the tools you and your team require to enhance meetings and governance. You should also look at the pricing structure to make sure that the solution is affordable for your business.
Board portals make it easy for board members to access all needed documents
Centralize all documents, such as agendas, minutes of meetings and board books, into a single digital location. Replace internal servers and eliminate the need to send private documents back and forth.
Virtual Voting Allows Board Members the Freedom to participate at any time
A reliable board management tool will allow board members to be a part in meetings regardless of their availability. With virtual voting, it’s easier to solicit input from the entire board and take decisions quickly. It’s easier to vote anonymously, giving members the confidence to voice their opinions. This feature is particularly beneficial for smaller organizations, where some members are not able to attend meetings in person due to scheduling conflicts.