Online board management is a tool for helping leaders improve and maintain the organization’s governance. They can cover all the items on their agenda with dedicated software for managing their board, conduct votes seamlessly and record precise minutes to avoid responsibility. Outside of the meeting they can collaborate in real-time on documents as well as actions items.
A dedicated board portal can boost productivity both inside and out of the boardroom. It allows board members and executives to access and modify files with granular permissions. Version control, remote wiping the device, locking and wiping devices, and usage reports are also available. By implementing cloud-based solutions, companies can also cut down on storage and paper costs.
Before meetings, board directors are able to examine and refer to the electronic “board book” which consists of all the required materials, including a copy of the agenda as well as the minutes of previous meetings along with other pertinent documents, and much more. They can also take advantage of many of the options such as page synchronization, shared annotations, and e-signature for participation in virtual meetings or work on documents from anywhere.
Board management software helps administrators to save time by allowing them to plan meetings, record minutes, distribute materials, create agendas, and create polls and surveys. They can also easily track attendance and quorum and ensure proper documentation. And with secure mobile apps boards can connect from anywhere at any time. They can also make use of the built-in video conference and simple recording of meeting minutes. This allows busy board members to keep on top of their responsibilities and maintain high performance while at home, in the office, or on the go.
http://www.boardmanagmentsoft.org/different-types-of-corporate-governance-systems-with-examples
