Corporate Governance Online Tools

Online tools for corporate governance help companies make their boardrooms accessible and accountable. In the wake of high-profile company collapses like Enron and WorldCom investors, regulators, shareholders and shareholders are clamoring for more transparency and accountability from boards. To satisfy these demands, board members should adopt new technology that enables them to conduct their work more effectively from their homes or wherever they are in the world.

One tool that’s causing waves in the realm of corporate governance is the online board portal, which is a central point to house the materials used for board and committee meetings, which include agendas and board books to committee charters and minutes and financial reports, strategic plans and other important documents. The most effective portals offer a digital workflow, which allows directors to communicate and collaborate with colleagues even when they’re not in the same place.

Other tools for governance include a full database for corporate use to manage the filings required for each country’s requirements for entities and keep meeting records, such as minutes and resolutions as well as consent and resignation templates. Some platforms allow users to flag possible conflicts of interests they may have, and provide the opportunity to declare the conflicts prior to board meetings and shareholder’s meeting.

Precisely, the data governance software vendor, offers a suite that includes its Data360 Governance and metadata management tools. The aim is to create trust with your company’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 imports and harvests metadata from your back-end systems and other tools and provides visualized views of the data’s lineage.

Leave a Reply

Your email address will not be published.