Board governance software is a computer tool designed to help boards of directors and their administrative support staff with tasks such as scheduling meetings, preparing meeting agendas and board-packs, taking meeting minutes and assigning post-meeting tasks. The best board software solutions offer a full suite of functions that can simplify the entire process from beginning to finish, and allow for better collaboration and communication between administration and board members.
The most significant benefit of software for managing boards is the fact it provides a safer alternative to email. The most reliable systems offer encryption and clear delineation of the communications between your group and any third party, thereby eliminating the possibility of phishing attacks, hacking or missing communications.
Other benefits of using a board portal include the ability to design and store a board book and eliminate costly printing, distribution and storage charges. The platform lets you access all documents including meetings, agenda items and meetings in one place. The software helps directors and administrators track their work and progress on tasks that require their attention.
Furthermore, some platforms such as our Cat Herder also allow for the creation of proposals which can be placed up for vote by the board during meetings. This increases transparency and accountability. It also helps in situations where a particular member must not vote due to a conflict of interests. All of these features are crucial to consider when selecting the right governance software for your business.