24 Nov
Technology for board portals can be extremely beneficial to the governance process by reducing the amount of time required and enabling real-time collaboration and decision-making. Implementation requires careful planning and preparation in order to ensure a smooth, successful transition.
Stakeholder buy-in
Include key stakeholders in the implementation process such as IT managers and directors early enough to be aware of their interests and concerns and assist them in understanding the potential value of portals. By engaging them you will increase the chances of success and drive adoption.
Meeting agendas and minutes management
A good portal can simplify the process of preparing and disseminating agendas of board meetings and supporting documents. This can save much time and enable more targeted meetings and strategic sessions. It also allows for a more structured document review, and the ability to vote in real time by boards.
Regulatory audits
In the course of regulatory audits, a well-implemented portal can provide valuable documentation that supports the company’s compliance with regulators. A thorough audit trail in the portal can prove that the relevant information is readily accessible and the process of creating and distributing meeting materials is consistent with best practice.
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