Benefits of Board Governance Software
Board governance software is designed to assist the board and its administrative staff organize tasks like arranging meetings, preparing agendas and board packs, recording minutes of meetings, and assigning tasks following the meeting. The best board software solutions come with a wide range of features that help streamline the entire process from start to finish and also allow for better communication and collaboration amongst directors and administration team members.
The main benefit of using software for board management is that it offers an additional level of security when sending emails. The best solutions offer encryption and clear distinction between your group and other parties. This lowers the risk of hacking, phishing or missing communications.
A board portal can also allow you to create and store board books, removing the need for expensive printing distribution, storage, and costs. The platform lets you access all documents as well as meetings and other action items all in one location. The software can also help administrators and directors monitor their progress and work tasks that require their attention.
Additionally, certain platforms like Cat Herder allow the creation of proposals which can be considered by the board in between meetings. This allows for greater transparency and accountability. It also assists when members are required to not vote due to conflicts of interests. All of these capabilities are essential when choosing the best governance software for your company.
