To establish a strong corporate governance structure, you have to provide tools that will support your board members in their tasks. Effective tools allow you to keep track of and distribute minutes from meetings, track resolutions and ensure that all relevant documents are tagged. This lets you provide the necessary information to shareholders or members and give them a clear picture of the management of your company.
You can create a board calendar online that directors can all use. This will allow them to access agendas and documents prior to meetings. It is also possible to use it to record the resolutions passed at meetings and automatically create a minutes record. Another benefit of a great online tool is the capability to conduct a self-evaluation of your board that assists in assessing the performance of your board and will assist you in identifying areas for improvement.
A reliable tool can allow you to apply control of version and data lineage, which gives you a 360 degree view of your data. It also allows you understand how data is being used within your organization and how it is governed. Another advantage of a quality online tool is EDICOMLta A service offered by EDICOM that provides long-term storage and the best security standards to guarantee secure access to all your documents, providing an unquestionable value for third party compliance processes. EDICOMLta can be used together with invoice approval software to improve the management of invoices received, which reduces client responses from suppliers, employees and time while providing greater transparency to documents that are shared internally.
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