Use of this


kind of technology [board portals] will grow as younger board members join your organization.


What Are the Benefits? a It’s green and reduces paper usage and waste; a Faster board package creation and distribution;


a Better source control of documents and security of information;


a Timely access to information by board members from any place, any time;


a Searching capability of archived board packets;


a One location for all important announcements and documents which require a “Read Receipt” for your accountability and your audit.


A board portal, centered on a secure website, is a place


where directors can go to access data from anywhere they can reach the Internet. You and your staff team could upload portions of the board package to the site as each section is ready. Directors get more lead time this way. In a time when you and your board of directors have more to do than ever, with less time, this factor by itself could prove to be a tremendous advantage.


Your YP’s Will Love It Use of this kind of technology will grow as younger board


members join your organization and as the capabilities of portals grow. One body of research indicates that as many of 60% of those not utilizing some form of electronic (board package) delivery are considering it. What does it cost to implement a board portal? One supplier,


featured at a recent BoardSource Governance conference, has this information on their website www.boardeffect.com. Sliding scale pricing is based on the number of users and


the total number of committees, as there is a private work- room for each board committee; discounted pricing for small/ start-up CBO’s is available. As with any significant software investment, you need


to determine what you really need, and what you are really trying to accomplish. It may be that you can purchase a portal offering a limited array of features, or choose a vendor who can unbundle aspects of its basic package. As we do less with more, it’s worth investigating to see if a board portal is right for you. u


Florida Business Bank proudly welcomes new President, CEO & Director Bob Mays.


Welcome PRESIDENT, CEO & DIRECTOR BOB MAYS


“I am delighted and honored to join such a leading community bank with a strong, seasoned and experienced


management team.” - Bob Mays.


Call us at 321.253.1555 340 N. Harbor City Blvd. Melbourne 32935 floridabusinessbank.com


spacecoastbusiness.com JULY2010[73


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