Nonprofit boards of directors share some similarities with corporate boards, but they also have their own unique needs.
Nonprofit board members might have more responsibilities than their corporate counterparts, as charity board members need to fundraise on behalf of the organization, oversee governance and help drive the organization's mission - often while doing so under tighter financial controls and more public scrutiny than many corporate board members face. Nonprofit board members may also have more committees to oversee.
When making the switch to digital board management and portal software, nonprofit boards should not limit their searches to vendors that focus just on nonprofits. While nonprofit boards have different needs compared to for-profit boards, it is wise to consider the whole range of potential portals.
Here are some tips for nonprofit leaders evaluating board portals:
1. Ask the right questions. It's imperative to first examine your board's particular needs before selecting a board portal.Questions might include:
- What are your requirements for centralizing documents, scheduling meetings, and securing data?
- Will a board portal be able to meet these requirements?
- How will the board portal handle communications?
- What's the level of control and visibility needed for directors?
- Does the board portal company or executives belong to any professional bodies and organizations?
- Are they currently engaged in the corporate governance community and sharing insights on moving the industry forward?
- Does the vendor have a wide range of clients in the public and private sectors?
Media Highlights
Environmental, social and governance (ESG) issues have become more complex and multifaceted than ever before. At the same time, ESG continues to ascend on board and leadership agendas.
In this buyer’s guide, we explore what a market-leading ESG solution should look like and highlight the key areas organisations should be prioritising as they embark on their search.