Online tools for corporate governance are helping companies make their boardrooms more accessible and accountable. In the wake of high-profile company collapses such as Enron and WorldCom investors, regulators and shareholders are demanding greater transparency and accountability from boards. To meet these demands board directors should embrace technology that allows them to manage their business more effectively anywhere in the world.

The board portal on the internet is an application that has made waves in corporate governance. It provides a central place to house the agendas, meeting materials and board books, committee charters, 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’re not in the same location.

Other tools for governance technology include a complete corporate database to manage the filings required for each entity’s requirements and maintain meeting records, including minutes and resolutions and consent and resignation templates. Some platforms allow users flag potential conflicts of interest they might have, and offer an opportunity to disclose the conflicts prior to board meetings and shareholder’s meetings.

Data governance software vendor Precisely offers a suite of tools that include its Data360 Govern and metadata management tools, all with the aim of building trust in your organization’s data assets. The tool automates data management workflows and allows you to create and implement policies. It also imports and collects metadata from your backend systems as well as other software and provides visual representations of the data lineage.

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