Board Governance Software
Board governance is a set of rules that defines how a company is run. As businesses grow their boards and meeting procedures need to be adapted to the demands of. Utilizing old methods, like applications for file sharing and email are time-consuming and inefficient. Board management software can make this process more productive and let board members concentrate on what is important taking decisions that will move the company forward.
Digital board portals, as opposed to traditional board books, give directors access to a secure, single location to access all meeting materials and communicate. Board members can utilize an intuitive interface to review and add annotations to documents in real time, even simultaneously or from multiple locations. They can create public or private discussion rooms and interact directly with each other via messaging tools. These features allow directors to remain active prior to, during and even after meetings, so they can make informed decisions.
Alongside a user-friendly interface, boards should offer first-class security and accurate uptime data. Data encryption and robust application hosting are a must as is the capability to monitor every step and upload for compliance purposes. With features such as reminders and notifications, directors will be aware when it’s time for an electronic signature, approve open approvals, or respond to surveys.
Govenda is a simple board governance software system designed to make it easier for administrators and directors to keep track of their responsibilities. The software is simple to use, with a guided intuitive experience and flexible dashboards. It also comes with enterprise-grade security with an AES-256 document encryption, multi-factor authentication as well as role and group-based permissions, remote wipe, permanent purge, and audit trail.