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When evaluating governance technology , it ’ s critical to identify a solution that provides a streamlined , secure experience not only for board members , but for all users including the company secretary , general counsel , risk and compliance teams and administrative and legal professionals .
1 . Functionality & Adoptability 2 . Governance 3 . Security 4 . Reputation & Service
For private , public and nonprofit boards , as well as government organisations , a fully integrated governance solution empowers users to adapt to any challenge , crisis or opportunity with agility and strategic acumen . Governance technology is also critical to enabling a holistic view of governance , risk mitigation , regulatory compliance and ESG initiatives .
Here are the most important questions to ask in each of these four crucial areas – and the answers to look for .
1 . Functionality & Adoptability
Preparing for a board meeting is time-consuming and even more so if directors sit on multiple boards . With continuous updates to board documents , board administrators and governance professionals face the arduous task of consolidating all information and keeping track of changes . This process is particularly cumbersome if paper is still used for board book creation and in boardroom record taking .
While basic board management software features typically include online and offline access to board materials , a wider embrace of governance technology can further improve board meeting preparation practices by streamlining nearly all board functions into a single , secure platform . Where adoptability is concerned , accessibility is key . For an application to be embraced by your board and executive team , it needs to be accessible across multiple devices , easy to use , and accompanied by live , around-the-clock support . p
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