https://boardroomspace.info/majority-shareholders-and-company-control
Board management software is an electronic tool which assists boards of directors and their administrative support staff, and other stakeholders prepare for meetings to distribute documents and inform on important issues. These software systems are completely paperless, and members can communicate and collaborate remotely through the web browser or mobile application. The most effective systems come with features that let you capture and manage meetings, schedule agendas, communicate with documents, and collaborate on them in real-time. They also allow the recording of meeting minutes, keeping track of versions of documents, and monitoring compliance with specific legal or regulatory requirements based on the industry.
The selection of a suitable board portal should be decided after a thorough evaluation of the needs of all board members including the CEO, board members and managers. Often, the choice is triggered by one or more pressing issues like security efficiency, cost reduction or security however a thorough analysis should be carried out to ensure that the net benefits outweigh the costs.
A top board management software should include the following characteristics:
Secure storage of data – Many companies offer cloud or physical facilities with secure encryption with the latter offering higher standards and a certifying of physical security. It should be possible to save the entire documentation for an event, not just emails and PDFs. The software must be able to encourage good practices, like the introduction of key discussions and decision-making early in the agenda, and including health and safety topics.
