Developing a robust corporate governance framework requires you to put in place tools that will assist your board members in their work. Effective tools let you keep track of and distribute minutes from meetings and track resolutions. They also help ensure that all relevant documents are tagged. This allows you to provide the necessary information to shareholders and members and also to provide transparency about how your company is managed.
You can create an online board calendar which all directors can access. This will allow them to access documents and agendas prior to meetings. It will also allow you to register the resolutions voted on during meetings, and automatically create a minutes record at the conclusion of each meeting. A reliable online tool can also allow you to perform self-evaluation of your board. This can be useful to assess the performance of your board and identifying areas that need improvement.
A reliable tool will allow you to apply version control and data lineage. This will give you the complete view of your data. It also allows you to monitor how data is used and controlled within your organization. EDICOMLta is a further characteristic of a top online tool. This service, provided by EDICOM offers long-term archive and the highest levels of security to guarantee secure access to your documents. Additionally, they have an excellent level of probative value in third of the compliance process. EDICOMLta is a fantastic tool to utilize in conjunction with invoice-approval solutions to optimize the management of invoices that are received. It can help reduce response times from customers suppliers, employees and customers while enhancing transparency for documents exchanged within your organization.