Board governance is the structure which defines how a firm is run. As companies expand their boards and meeting procedures have to expand. It can be inefficient and time-consuming to use traditional methods such as email or file-sharing applications. Board management software can make these processes more efficient, allowing board members to concentrate on what is most important: making decisions that drive the organization forward.
Unlike traditional board book formats digital board portals offer an easy, secure place for directors to access all meeting materials as well as communicate with one another. Board members can review and annotate files in real-time with an intuitive interface even from different locations or at the same time. They can create private or public discussion rooms and also communicate with each other directly via messaging tools. These tools let directors stay engaged before, during and after meetings so that they can come to the table with the information they require to make informed decisions.
Alongside an easy-to-use interface, boards should provide top security and reliable uptime statistics. Data encryption and secure hosting of the applications are crucial and so is the ability to track and record every action to ensure compliance. With features such as reminders and notifications, directors will know when it’s time for an electronic signature, approve open approvals, or take part in surveys.
Govenda is a simple board governance software designed to facilitate administrators and directors to complete their duties. The software is simple to learn, with a guided, intuitive experience and flexible dashboards. It offers enterprise-grade security, with AES-256 encryption of documents, multi-factor authentication and permissions that are based on roles and groups, remote wiping, permanent purge and audit trail.
