A ESG due diligence board portal is a specialized governance software which secures and safely delivers digital board packs to directors and the secretariat of their organization. Automated and streamlined, they enable better collaboration, enhance discussions and decision-making and assist all stakeholders align around the strategic direction of the business.
They also save money by reducing the costs of printing, couriering and emailing. Board members can access board documents and communicate through a secure, in-app communication system, even if they are not in the office. They can prepare for meetings, sign documents online and in the app, and utilize the video conferencing integration to participate in virtual meetings when they’re unable to attend in person.
What to look for in a board portal
When selecting a board portal vendor, you should ask potential vendors to provide demonstrations and, thorough troubleshooting articles on their website. They will also be able to give you a comprehensive quote that covers all upfront and ongoing costs. Pricing models may vary and be built around a flat price, per feature or by the number of users, therefore it’s crucial to compare them.
Security is the most crucial factor in determining the quality of a board portal. It should secure all data during the process and at rest and have specific restrictions on access and authentication rights. Additionally, it should have plans for disaster recovery with an uptime guarantee and regularly undergo external audits to ensure availability, security, privacy and integrity.