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Board Management Efficiency – Using Board Portals and Software to Improve Efficiency
Many people think of the efficiency of management on boards in terms of directors and how they can be armed with the best methods to speed up decision-making and drive best practices. But a successful and efficient board is a see post complicated web of different components that need to be able to coexist in order to be effective. This means focusing the structure of the board on performance, setting up regular evaluation procedures and establishing a collaborative culture that supports high-functioning councils.
The use of board management software is a major factor to achieve this. Board portals are an excellent example of this, as they can improve communication between board members and enable sharing of documents in a secure environment. This will eliminate the need for long email chains that result in confusion regarding versions and allows all members to easily access and review what they need.
It is also essential to ensure that all committees and teams benefit from the same efficiency of the board, by utilizing board software for their everyday activities. Everyone will have the information they need to make quick decisions and sensitive information is secured and only accessible to the appropriate individuals.
This can be achieved by ensuring that all users have the ability to access the full range of board features, such as chat and annotation tools as well as efficient virtual meeting integrations while still being able to create specific access controls for every piece of confidential information. Memorial Health System has, for instance, widened its use of software for board meetings to include multiple internal groups and committees, which has brought more efficiency beyond the traditional board level.
