Board management software provides a workspace for board members, chief executives, C-level executives, corporate secretaries, committee chairs, and other professionals in charge to stay organized, make timely decisions, and collaborate cohesively.
Board members can annotate documents, review materials beforehand, and attend the virtual meeting while accessing all materials in a centralized location. These tools allow access to agendas, documents, notes, calendars, and contacts that can be used to inform and fortify the corporate meeting process. Files can be uploaded within the workspaces, and users can then be assigned access according to their roles and clearance levels.
These tools are most commonly used by leadership teams, such as a parent committee or board of a large corporation. Executive leaders use board management software to track the progress of strategic initiatives, assign responsibilities, and review updates during monthly meetings.
Board management software can be used alongside other team collaboration tools that facilitate collaboration among employees or participants at varying levels of authority.
To qualify for inclusion in the Board Management category, a product must:
- Be intended for use by board or committee members, or similarly ranking directors
- Enable the creation and storage of material such as agendas, meeting minutes, team notes, document annotations, board pack builders, etc.
- Allow for communication and engagement between members
- Enable features like voting, e-signatures, surveys, and questionnaires, allowing boards to gather opinions and collect group feedback
