Online board management can help leaders improve and maintain the governance of their organization. With specialized tools for managing the board they can manage everything on their agenda, effortlessly conduct votes, and take safe minutes that protect them from the risk of liability. Outside of the meeting, they are able to collaborate in real-time on documents and manage action items.
A dedicated portal for board members increases productivity both in and out of the boardroom. It lets board members and executives to access and edit documents with granular access rights. Version control remote wiping as well as wiping and locking of devices, as well as usage reports are also offered. Businesses can also save money by changing to a cloud-based service.
Before meetings, board directors can examine and refer to the electronic “board book” comprising everything needed to conduct meetings, including agendas and meeting minutes from the past, relevant documents, and much more. They can also use various options like page sync, shared annotations, and e-signature to participate in virtual meetings or work on documents from any location.
Board management software can also aid in reducing admin time by helping them schedule meetings with minutes, distribute meeting materials, prepare the agenda and also create surveys and polls. They can also monitor attendance and quorum, as well as provide the proper documentation. Boards can also be engaged anytime and anywhere by using secure mobile apps. They can also make use of the built-in video conference and simple recording of minutes of meetings. This allows busy board member to stay on top of their responsibilities, and maintain high performance, whether at home, the office or even on the move.
http://boardmanagmentsoft.org/dont-let-due-diligence-be-daunting-a-beginners-guide-to-virtual-data-rooms/
