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Tools for corporate governance online are helping companies make their boardrooms more accessible and accountable. Following high-profile collapses of companies like Enron and WorldCom investors, regulators, shareholders and shareholders are demanding more transparency and accountability from boards. To satisfy these demands, board members should embrace technology that lets them accomplish their tasks more efficiently from their home or wherever they are in the world.
One tool that’s making waves in the field of corporate governance is the electronic board portal, which provides a central location to house meeting materials for board and committee meetings, including agendas and board books to charters for committees, minutes as well as strategic plans, financial reports and other important documents. The top portals also provide the option of a digital workflow, which allows directors to collaborate and communicate with their colleagues, even when they’re not in the same room.
Other tools for governance include full corporate databases to manage filings needed for each country’s requirements for entities, maintain meeting records including minutes and resolutions as well consent templates and resignation templates. Certain platforms let users declare any potential conflicts of interests that they might encounter and provide a form to allow them to disclose these prior to the shareholder and board meetings.
Data governance software vendor Precisely offers a suite of tools that includes its Data360 Govern and metadata management tools, all with http://boardroomsoftware.net/strategic-planning-models-with-their-pros-and-cons/ the aim of fostering trust with your company’s data assets. The tool automates workflows to manage data and allows you to create and deploy policies. It also imports and extracts metadata from your backend systems and other software and gives visual representations of the data lineage.