Corporate governance software helps your board make better choices and ensures that all stakeholders are in compliance. Board portal solutions, like OnBoard will help you simplify the process of meeting and improve your work flow by aligning your strategic goals with the interests of stakeholders while observing ethical standards. Find out more about our leading-edge solution or download our free Board Management Software Buyer’s Guide.
Traditionally, different departments in your business may employ different methods for recording information on compliance and audit results or risk assessment values. This can make it difficult for you to gain a clear understanding of how your organization is reducing risks, adhering to policies, and adhering to the rules. GRC software facilitates the coordination of data collection across departments and teams within a single system. This provides you with an overview of governance processes.
Corporate Governance requires that your company divulges all information that is relevant or important to shareholders, directors and auditors employees clients, suppliers and suppliers. This includes financial reports, changes to normal operations, the outcomes of board meetings as well as departures or new hires and other events that could affect your company’s long-term sustainability.
A lot of the rules that govern the current corporate governance system are based upon the concept of shareholder primacy. This theory states that managers are motivated to maximize shareholder value, even if this has negative effects for the company and its employees. To tackle this issue of agency the shareholder-focused governance approach aims at limiting the potential for managers to make mistakes.