Board Directors oversee and provide advice to a business entity so it can operate legally and in the best interests of shareholders and other stakeholders. A board of directors ensures that an organization runs its business and reports its financials in accordance with regulations. It also assists the company to maintain its good image and handles any issues that might affect shareholders or the corporation.

A well-designed board typically consists of chairs, executive officers and non-executive members. The chair sets the tone of an organization and promotes the culture of trust and cooperation. Nonexecutive Directors are able to assist the board to be able to assess strategic issues from different perspectives. They could be experts in their field or a respected leader in the community. These perspectives from outside are beneficial to a board looking for new insights on potential business opportunities or risks.

Many boards are expected to play a more of an active role in the direction and strategy of an organization, beyond their responsibilities in the areas of governance and oversight. This could include providing input on risk and resilience management, succession planning for leaders, cultural and talent development and other best online fundraising platform strategic concerns which are vital for the success of a company.

Directors are required to commit more time to their duties as the responsibility of the board grows. To perform their duties effectively and efficiently they require a program that streamlines their work flow. Board management software can assist them do just that. Board Portal creates a central repository for all the documents used by the board. This enables the board of directors, its members, committees and legal teams to access agendas, financials and meeting information.