Board governance software is designed to aid administrators and boards manage tasks such as organising meetings, creating agendas and board packs, recording minutes of meetings and distributing tasks after the meeting. The most effective board software solutions come with a wide range of functions that can simplify the entire process from start to finish. It also allows for better collaboration and communication between administrators and directors members.
A primary benefit of using board management software is that it provides a more secure alternative to sending emails. The most secure systems provide encryption and clear lines of communications between your group and any third party, thereby eliminating the possibility of hacking, phishing attacks or missing communications.
Other benefits of using a board portal include the ability to create and store a book of board meetings and eliminate costly printing, distribution and storage fees. The platform provides access to all documents meeting agendas, actions and documents in one place. The software also assists directors and administrators track their progress and work tasks that require their attention.
Additionally, certain platforms like Cat Herder allow the creation of proposals that can then be considered by the board in between meetings. This can increase transparency and accountability. It also helps in cases where individual members must abstain from voting due a conflict of interests. These capabilities are crucial when selecting the right governance software solution for your business.