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Directors are choosing automation route for board governance

by Ishita Dewan Assisting Board in Governance & Compliance

Directors are today struggling with fulfilling their official duties in various companies where they occupy directorial positions as well as get involved at deeper operational level so that they are in sync with the functioning of the company. Simultaneously they are also required to balance their personal life. Doing all this in the traditional fashion is not possible because today Directors are required to attend multiple meetings per board. It is next to impossible for them to manage so many documents pertaining to different meetings. Many a times these meetings are held in quick succession, one-after the other and that too at different geographic locations, both domestic and international. Board of directors software comes in handy in this situation. It gives the directors the freedom from carrying heaps of papers everywhere they travel. They can carry their entire world of board meeting in a small electronic gadget like a laptop, mobile phone or tablet. It also frees them from the fear of data leak or other data security threat because the information is stored in the software through an encrypted system.

Board of directors are increasingly recommending such software products to all the companies where they are occupying leadership positions because they are experiencing the benefits and witnessing the positive changes that board of directors software can bring to the way the meetings are getting conducting. The directors are assigned with the task of ensuring that the company functions in the most efficient and compliant manner, that all the board governance requirements are fulfilled, that the documentation requirements by the authorities are fulfilled. If the board of directors to ensure all this then they could face music from the authorities by way of fines or disqualification and in worst cases, even a jail term. It doesn’t stop there, the company can also be at the receiving end through heavy penalties, revoking of operating licence thereby bringing the company to the brink of shut-down.

A fine board of directors software like BoardEye by Axar Digital includes all important features that any corporate or directors would look forward to for effective functioning of the company.



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About Ishita Dewan Junior   Assisting Board in Governance & Compliance

0 connections, 0 recommendations, 15 honor points.
Joined APSense since, February 7th, 2018, From Mumbai, India.

Created on May 13th 2018 12:53. Viewed 537 times.

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