Board governance software is a computer tool designed to help directors’ boards and their administrative support staff manage tasks like organising meetings, creating agendas and boards as well as taking minutes of meetings and assigning post-meeting tasks. The most effective board software offers an extensive set of features to simplify the entire process and enhance communication and collaboration between directors and administrative team members.
The main benefit of using board management software is that it offers an additional level of security when email communications. The best software provides encryption and clear delineation between your group and third parties. This decreases the risk of hacking, phishing, or lost communications.
Other advantages of a board portal are the ability to create and store a book of board meetings, allowing you to eliminate costly printing, distribution and storage costs. The platform lets you access all documents as well as meetings and other action items in one place. The software lets directors and administrators monitor their progress as well as work on projects that require their attention.
Lastly, certain platforms like Cat Herder allow the creation of proposals which can be approved by the board during between meetings. This can increase transparency and accountability. It can also be used in situations where a member must abstain from voting due to conflicts. All of these features are important to take into account when choosing the right software for governance for your business.
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