The boards are the driving power of an organization making crucial decisions and conducting important discussions that affect all stakeholders. This means there is lots of sensitive information being shared amongst a board which must be protected from unauthorised access and leakage.
Implementing robust security measures to block unauthorized viewing and printing of confidential documents is one of the best ways for boards to safeguard their confidential information. A secure board portal can encrypt documents so that they are only accessible to authorized users.
Most board portals also allow you to set time limits for how long a document can be accessed and limit those who can download or print it. Many systems offer tools to track who has looked at documents, and even an account of how many times and by whom.
A confidentiality policy is an additional way to protect confidential documents. The policy should clearly specify that, unless otherwise legally required or approved by the board, directors can not divulge confidential information to third parties, including the sponsors of directors’ constituencies, and should also define what is considered confidential information. Although the enforcement of such a policy can be challenging but it provides clarity to all directors and makes it easier for the company to defend itself against accusations that a director has violated the duty of confidentiality.
