How to Select a Board Meeting Software
The virtual running of a board meeting is a fantastic method to keep everyone engaged. There are many different tools that are not the same, particularly in terms of meeting productivity and ease-of-use. When evaluating board management tools to use, you should seek out an intuitive interface that is free of distractions. It requires minimal training. Look for features such as integrated video conferencing, which allows you to run your meetings in one location, so you can focus on the task at hand instead of switching between different tabs and applications. Choose a solution that offers tutorials, workflow education and tech support to ensure that your board members are able use the software smoothly.
Modern board management software usually includes real-time sync. This means that when directors sign into their board portal, they are instantly presented with the most recent version of each document. This eliminates the need to compile and distribute meeting materials later, saving time and effort for administrators. Online collaboration capabilities allow board members to share their ideas and take notes in a collaborative manner. This improves the meeting prep and meeting outcomes. Certain board-level platforms also allow a vote between meeting attendees, which is an ideal way to achieve an agreement on governance guidelines and hiring decisions. In the UK for instance, section 360A of the Companies Act allows businesses to adopt an online voting system instead of a show-ofhands vote. It also keeps track of the outcomes of each decision, thereby increasing transparency and confidence in shareholders and investors.
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