Developing a robust corporate governance system requires putting in place tools that will assist your board members in their work. Effective tools allow you to keep track minutes, distribute and track the minutes of meetings and ensure all relevant documents are labeled. This allows you to give all the necessary information to your shareholders/members and also provide transparency regarding how the business is run.
You can create an online board calendar that can be used by all directors. This makes it easier for directors to access documents and agendas prior to meetings. You can also use it to track resolutions that are voted on at meetings and automatically create a minutes document. A good online tool will also permit you to conduct self-evaluation of your board. This is useful to evaluate the performance of your board, and identifying areas of improvement.
A reliable tool allows you to apply data lineage, which provides you with an entire view of your data. It will also help you to track the way data is used within your company and how it is controlled. Another feature of a good online tool is EDICOMLta, a service provided by EDICOM that provides long-term archives and the highest security standards to guarantee safe access to all your documents, giving them the potential to be a valuable tool for third -party compliance processes. EDICOMLta is an excellent tool to utilize in conjunction with invoice-approval software to improve the management of invoices received. It can reduce time to respond from clients suppliers, employees and customers while increasing transparency for documents exchanged within your organization.