Public boards rightly pride themselves on frugality. The cost of a board portal appears as a number, while the savings they create in time, frustration and staffing are harder to quantify - though no less real. If you've encountered any of these eight situations, it's time to take the plunge: Avoiding the investment in board portal software is crippling your organization.
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You spend too much time and money making board packets.
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Aimless board meetings don't accomplish anything.
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You're alarmed by the prospect of data breaches, but don't know how to protect yourself.
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You could not produce a complete set of records in the event of an audit.
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You dread the one-time mishap as you juggle the confidentiality of board materials with the ''openness'' of meetings.
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Meeting all of your governance requirements feels like playing whack-a-mole.
- Cybersecurity has earned a place in the boardroom as a cross-enterprise top priority. Hackers adapt their tactics daily. How do you keep up?
- Board communications may put critical information at high risk for hacking. Email and standard texting apps are easy prey for cybercriminals, and they're easily discoverable in litigation.
- Open-meeting laws increasingly require digital posting of agendas. Digitizing all of those binders is daunting enough. While you're going through the trouble, you know they would be far more useful if you entered them into a searchable archive.
- Open-record laws might include digitizing archives. Again, making such voluminous data searchable would make it far more useful.
- ADA compliance requirements for public-facing websites are developing rapidly. You might be an accountant by day, but now you need to know the different levels of WCAG standards - and which ones are currently required.
- Confidential board materials must stay segregated from public information. A portal with role-based authorizations keeps the wall between them firmly in place.
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Your board and your public are greying.
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When more than one person comments on a document, chaos ensues.
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.