Corporate Governance Online Tools

Online tools for corporate governance assist companies make their boardrooms accessible and accountable. In the wake of major company collapses like Enron and WorldCom investors, regulators and shareholders are demanding more transparency and accountability from boards. To satisfy the demands of shareholders, board directors should adopt new technology that lets them be more efficient in their work from their home or wherever they are http://boardroomsoftware.net/choosing-the-right-board-meeting-tool-for-your-firm/ in the world.

One tool that’s making waves in the field of corporate governance is the electronic board portal, that serves as a central repository to house materials for board and committee meetings, ranging from agendas and board books to charters for committees, minutes, financial reports, strategic plans and other important documents. The top portals offer digital workflow, which allows directors to collaborate and communicate with colleagues even when they are not in the same location.

Other tools for governance technology include complete corporate databases that manage filings required for every country’s entity requirements Maintain meeting records, including minutes and resolutions, as well consent templates and resignation templates. Some platforms allow users to flag potential conflicts of interests that they might have, and offer an opportunity to declare these prior to board meetings and shareholder’s meetings.

Precisely, the data governance software vendor provides a suite which includes its Data360 Governance and metadata management tools. The aim is to create trust with your organization’s data assets. Its tool, which incorporates a flexible metamodel, streamlines data governance workflows, and allows users to design and implement data policies. It also harvests and imports metadata from your back-end systems and other tools, and offers visual views of data lineage.