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Online tools for corporate governance are helping companies make their boardrooms more accessible and accountable. Shareholders, regulators and investors are seeking greater transparency and accountability in the wake of major company collapses, such as Enron and WorldCom. To meet these demands, board directors must embrace technology that enables them to manage their business more efficiently from anywhere in the world.
One tool that’s causing waves in the realm of corporate governance is the board portal online, which serves as a central place to store materials for committee and board meetings. which include agendas and board books to committee charters, minutes as well as strategic plans, financial reports and other important documents. The best portals offer a digital workflow, which enables directors to collaborate and communicate with colleagues even if they’re not in the same space.
Other tools for governance technology include a complete corporate database to manage the required filings for each country’s requirements for entities and keep the minutes of meetings, which include resolutions and resolutions as well as consent and resignation templates. Some platforms allow users to flag potential conflicts of interest that they might encounter and offer a form for them to declare these in advance of board and shareholder’s meetings.
Data governance software vendor Precisely offers a variety of tools that includes Data360 Govern and metadata management tools, with the aim of building trust in your organization’s data assets. The tool automates data management workflows, and allows you to create and implement policies. It also extracts and imports metadata from your back-end systems as well as other tools, and provides visual views of the data’s lineage.
