Digital Board Governance Tools
A board governance tool can help automate manual tasks such as organizing agendas, minutes, and meeting documents. It will also enable directors to share documents, monitor task progress, and enable legally binding http://boardmeetingonline.blog/board-governance-at-private-companies-staying-in-compliance-with-the-law/ electronic signatures of board decisions. Additionally it will assist in making boards ready for their next meeting by highlighting what needs to be addressed, and providing access to reports and proposals, as well as other pertinent information.
A good digital board management system will include features such as:
Boardbook’s portal for board members is a interactive and fully digital tool with an agenda for meetings that optimizes attendance and allows the CEO and Chair to agree on dates for papers to be issued, meetings for committees to report to the board, and for the board to decide on an agenda. It also comes with the ability to store documents in a library, which includes the capability of storing meeting histories and other essential documents in one location. It will also come with various tools for communication, including chat and discussion boards, 1:1 and group channels for communications, as well as an annotation tool that allows users to highlight and add comments to any uploaded file in the book of boards.
Diligent, an online software application that encapsulates all the elements of a meeting, such as the collection of materials, the creation of agendas, the minutes, as well as the uploading of board papers to a workflow prior a meeting. It also provides directors with access to private spaces for documents and discussions, enabling them to annotate documents, add personal notes and communicate using various methods, such as a 1:1 discussion with members of the group or individually. It uses strong encryption in browsers to ensure the security of your information and adheres to strict security standards to reduce risk and keep your information safe.