Board portals provide an all-in-one platform for directors and administrators to work together to prepare for meetings as well as share information, manage tasks, and collaborate. They offer a variety tools to increase productivity, such as in-app messaging and task management, allowing access to historical documents, as well as personal dashboards. This makes it easier to keep Boards engaged in corporate governance and enhance the impact of the organization.

Moving from paper to a digital solution can save a lot of lifeboardroom.com time and money as well as environmental resources. This also reduces logistical costs including printing and postage. This can reduce the time and effort needed to accomplish administrative tasks like preparing materials for meetings, coordinating with directors, and distributing documents. The time saved could be utilized to perform other tasks that yield more strategic results for your company.

The use of portals for board members during meetings can help reduce the risks of sharing sensitive data with outside stakeholders. This is particularly important in maintaining compliance with regulatory agencies, such as the Securities and Exchange Commission. A well-designed board portal features a comprehensive security framework and is built to stand up to hacking attacks, phishing, and data leaks with full data encryption as well as granular security controls.

The ‘anytime, anywhere’ availability of portals allows directors to access the information they require via a variety of devices. They can also carry out tasks on the go, without disrupting their workflows or ignoring important updates. This allows them to maximize their time, and contribute to the development of the company.