Benefits of Board Governance Software
Board governance software is designed to assist directors and their staff manage tasks such as organising meetings, creating agendas and board packs, recording minutes of meetings and distributing tasks after the meeting. The top board software has an extensive set of features to simplify the entire process, and increase communication and collaboration between directors and administrative team members.
The most significant advantage of using software to manage your board is that it offers a safer alternative to email. The best solutions offer encryption and clear delineation between your group and third parties. This minimizes the chance of hacking, phishing, or missed communications.
A board portal also lets you to create and store board books, which eliminates the need for costly printing distribution, storage, and costs. The platform gives access to all documents, meetings and action items all in one place. The software helps administrators and directors track their progress and work tasks that require their attention.
Lastly, certain platforms like Cat Herder allow the creation of proposals which can be considered by the board between meetings. This improves transparency and accountability. It can also assist in situations where a particular member must refrain from voting due to a conflict of interest. All of these features are important to take into account when choosing the right governance software for your business.