The boardroom is where the decisions are taken. It’s where the board of directors – an organization of shareholders who elect individuals to represent their interests and protect their investments – gather. Integrity and trust are the two most important aspects in these times.
Boardroom platforms are a great option to manage agendas and other documents. These tools are designed to carry out a variety of tasks, from creating the board book and organizing the materials to making it easy to distribute of meeting materials. They also can streamline the entire management process of meetings and encourage more meaningful discussions.
One of the most important functions the digital boardroom has is real-time workflows. A single platform allows directors to access up-to-date materials at any moment. They can collaborate on the platform concurrently with other directors, even if they are in different locations and even continents from one another. This enables them to review, comment on, and annotate documents — making meetings more productive and effective.
Portals for boards can facilitate collaboration and track actions, and provide reports on the progress made. The board can use the data to make more informed decisions and improve performance. It also saves time by eliminating the need for an administrator to send out emails to remind people of meetings and distribute and track action items, or create and manage an agenda. These tools can also boost the participation of board members, by enabling a seamless and collaborative experience for all those involved in the meeting.