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Corporate Governance Online Tools

Online tools for corporate governance can help companies make their boardrooms more accessible and accountable. In the wake of major corporate collapses like Enron and WorldCom shareholders, regulators and investors are clamoring for greater transparency and accountability from boards. To satisfy these demands, board directors must adopt new technology that enables them to perform their duties more efficiently from their homes or wherever they are located in the world.

One tool that’s making waves in the corporate governance space is the electronic board portal, which is a central point to house materials for board and committee meetings, ranging from agendas and board books to charters for committees, minutes, strategic plans, financial reports and other important documents. The top portals also provide a digital workflow that allows directors to easily collaborate and communicate with their colleagues, even if they’re not in the same room.

Other tools for governance technology include a full database for corporate use to manage the required filings for each country’s requirements for entities and maintain minutes of meetings, such as minutes and resolutions, as well as consent and resignation templates. Certain platforms allow users to flag possible conflicts of interests they might have, and provide an opportunity to declare 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, with the aim of building trust with your company’s data assets. The tool automates the workflows of managing data and lets you develop and deploy policies. It also collects and imports metadata from your back-end systems and other tools, and offers visual views of the data’s lineage.

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