www.boardroomblog.com/what-are-board-of-director-responsibilities
When selecting online software for the board of directors, it is important to select tools that promote efficiency and productivity. Free software may lack features that are crucial in achieving organizational goals. It also can delay the time it takes for board members to complete tasks. It is also crucial to consider the overall costs of these tools, and determine if they will be efficient for the board.
An ideal board management tool should have a secure, user-friendly virtual meeting space and allow documents to be stored and shared. It also provides an easy and simple scheduling process for meetings and events. Board members are informed of the status of meetings by timely notifications and RSVPs which can be sent by a single click. Directors can share documents and notes within the app, publish updates and proposals and sync messages via personal email.
Once the board or committee meeting dates are agreed upon directors will be provided with a digital board book that contains all necessary information for the forthcoming meetings. Directors can look over and edit the information before the meeting. Then, during the meeting itself they can effortlessly move between sections with a single tap navigation. During the meeting, they can make notes and share their notes, reference documents, and chat with other board members.
It is essential to look at the reputation of the vendor as well as their customer support when choosing an online board. Ask the vendor how they handle security, and what kind of training they offer. The best board management platforms will have a comprehensive secure repository and high-quality encryption for banks. They will also have an experienced team of experts to answer any questions.