Board portal technology can offer huge benefits to governance, by reducing time-consuming processes, and allowing for real-time collaboration and decision making. Implementation requires thoughtful planning and preparation in order to ensure a an easy, smooth transition.
Stakeholder buy-in
Engage key stakeholders in the implementation process such as IT directors and directors early enough to learn about their concerns and needs and help them realize the potential benefits of the portal. By engaging them you can boost the probability of success and accelerate adoption.
Agendas and minutes of meetings management
A good portal will simplify and streamline the process of preparing agendas for board meetings and other documents, and disseminating them. This will save a lot of time and enable more targeted meetings and strategic sessions. It will also enable an organized approach to document review and the ability for boards to vote in real-time, eliminating manual processes.
Audits of regulatory compliance
A well-implemented website portal can be a valuable instrument to show compliance to regulators during audits of regulatory compliance. A thorough audit trail within a portal can show that relevant information is readily accessible, and the process of creating and distributing materials for meetings is in accordance with best practices.
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