Board Management Efficiency – Using Board Portals and Software to Improve Efficiency

Many people think about board management efficiency in terms of directors and how they can be equipped with the best methods to speed up decision-making and promote the most effective practices. However, a successful and well-functioning board is a complex web of various components that have to work together to be efficient. This involves shaping the structure of the board with an eye on performance and regularly evaluating processes and creating a culture of collaboration that helps to create high-performing boards.

A crucial aspect to achieving all of this is the proper usage of tools for managing the board. Board portals are an excellent method to simplify communication and allow board members to share documents in a safe environment. This eliminates the need for lengthy email chains that create confusion about versions and allows all members to easily access and see what they need.

It is also essential to ensure that all working committees and groups benefit from the same efficiency of the board, by using software designed for board members for their everyday activities. This way, everyone has the information they need at their fingertips to make decisions swiftly, while keeping sensitive data secure and accessible only to the right individuals.

This can be achieved by making sure that everyone has the ability to access the entire board features, including chat and annotating tools and efficient virtual meeting integrations while being able to create specific accessibility controls for each piece of confidential information. Memorial Health System, for example has been able extend its use of board software to include multiple committees as well as other internal groups, bringing additional efficiencies outside the traditional board level.

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