A board portal software is a tool that is designed to facilitate online meetings for corporate governance and improve communication between all stakeholders. These portals have features like document management virtual rooms for discussions and meetings, and secure sharing options to safeguard information privacy and ensure compliance with governmental regulations. These tools also aid in the collection and collation of feedback from board members, as well as other stakeholders.

When evaluating a board, it is important to consider both the essential and non-essential features of the software. The first step in the evaluation process is to determine the requirements that the solution must meet. This can be accomplished by polling the participants of the board, particularly directors, chairs administrators, CEO and chair. The prompt should solicit them to pinpoint the pain points they have in their current board solution and how a new one could alleviate these pains.

The second stage is to review the tool in relation to these requirements. You can do this by looking at the features of the tool to the needs of your company. The most important aspects of the tool that need to be assessed include its security and features for remote meetings and collaboration with board members and reporting capabilities.

Management of board meetings is a time-consuming and complex responsibility, with a lot at stake. This is the reason that organizations should implement an efficient system for board management to enable them to achieve goals in business and protect stakeholder interests.