Effective Corporate Governance Software
Corporate governance software can help your board members make better decisions and ensures that all stakeholders are in compliance. Board portal solutions, like OnBoard, help you streamline your meetings and enhance your workflow by aligning strategic goals to stakeholders’ interests while observing ethical standards. Learn more about our best-in-class solution or download our free Board Management Software Buyer’s Guide.
Traditionally the different departments within your company may utilize different methods to document risk assessment values or audit results, as well compliance data. This makes it difficult to have a clear view of how your entire business is mitigating risks, following guidelines, and observing regulations. GRC software facilitates the coordination of data collection across teams and departments in a single platform. This provides you with an overview of governance processes.
Corporate governance requires your company to release any information that could be important or relevant to shareholders, directors auditors, employees suppliers, customers and vendors. This could include financial reports and changes to operations or results of board meetings as well as departures and new hires, and other events that could impact the long-term well-being and sustainability of your company.
Many of the regulations that govern corporate governance in the present are based upon this idea. This theory asserts that managers have an incentive to maximize shareholder value, even if this has negative consequences for the company and its employees. To combat this problem of agency, shareholder-focused corporate governance aims to reduce the opportunities for the occurrence of managerial misconduct.