Board Governance Software
Board governance is a framework that defines how a business is managed. As businesses expand the process of meeting and boards must scale. It is inefficient and time-consuming to use outdated methods, such as email or file-sharing apps. Board management software can make these processes much more productive, enabling board members to focus on what is most important – making decisions that move the company forward.
Digital board portals, which differ from traditional board books, offer directors with one secure, single place to access all meeting materials and communicate. 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 interact with one another directly through messaging tools. These tools let directors be involved prior to, during and even after meetings, so that they can make informed decisions.
Board portals must offer an easy-to-use interface and offer reliable uptime statistics. They should also be secure. Secure data encryption and robust hosting of applications are vital along with the capability to monitor and record every action for compliance purposes. Directors will be notified when it’s time to submit electronic signatures, cast votes for open approvals or respond to surveys by using features such as reminders and notifications.
Govenda is a simple board governance software designed to facilitate administrators and directors to complete their duties. It is simple to use, and offers 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.