What is corporate governance?
Corporate governance refers to various decision-making instances. It brings together the boards of directors (also called boards), general assemblies, supervisory councils, committees, subcommittees… It is she who outlines the main lines to be followed by the management. She also stands for the “G” in the ESG abbreviation for corporate social responsibility.
In sum, governance is a performance lever. However, today it is subject to two contradictory pressures:
· Regulatory pressure: governance is faced with increasingly precise laws and regulations, which it must comply with;
Productivity pressure: the tasks are numerous, and the teams in charge of corporate governance are not extensible…
Therefore, we have developed a solution to address these two issues. BoardiGO is an all-in-one tool. He is the only one on the market that manages the governance process from A to Z.
How does BoardiGO work?
It is a SaaS software, accessible in web and mobile version. Many companies still manage their governance manually, even after the acceleration of digital transformation was accepted and embraced during the pandemic period, in which digitization has proven to be a guarantee of efficiency and performance.
The BoardiGO app is initially intended for corporate secretaries. They are mandated by the supervisory board or the board of directors to deal with day-to-day governance. They call the meetings, write the minutes, send the documents… This axis of governance can be external (processed by a law firm, trustee, accounting firm, etc.) or internal to a company. In which case, the responsibility falls on the Secretary General.
BoardiGO is also intended for members of the meeting (Board of directors). allows themAccess online meetings, easily view documents, and even sign or vote live. Through our work in our consistency, the data is updated in real time and for each of the players. This is a competitive advantage of our product.
Can you give us other examples of functionality?
BoardiGO offers two types of functionalities to optimize your corporate governance. The former improves your performance. We can illustrate this with three examples:
· Our Availability Survey Schedulinga module for save time before meetings. It is essential for your organization, because it avoids endless exchanges of emails. From BoardiGO, the corporate secretary you just need to submit multiple slot opportunities, for which attendees will need to check the boxes in the application indicating their availability. Once the responses are received, the corporate secretary choose a date, a time and send them the invitation. The meeting being created with BoardiGO, then it appears in Google calendars, Outlook, etc. ;
The tool document request again saves time. It can be used when documents are to be signed. the corporate secretary you must first create a document request in his diary. Automatically, an email from BoardiGO requests said document signed by the interested persons who must then click on the link provided and submit the expected document there. If this is not done in due time, BoardiGO sends a reminder.
Finally, before the meetings, our tool automated plate pack it is also very important. the dash pack it is a single PDF document that contains all the documents shared on the upstream platform of the Supervisory Board or the Board of Directors. In BoardiGO, as soon as these documents are entered into the system, a single click automatically creates a dash pack. Documents are even categorized based on the meeting agenda;
We have many other features that you can try during our free trial period.
What about the second type of functionality?
It’s about the compliance. These features have been designed to meet audit trail possible. They are beneficial, even necessary, for all types of entities, including regulated ones, such as investment funds or banks. Usually, the regulator wants to know what has happened in terms of governance. Our audit trail offer specific dashboards to track the past and future of corporate governance.
It is even possible to export this governance to Excel. The document transcribes the date of the government event (wind), its type, its title, who is behind it, the directors present or the decisions made. If in doubt, simply click on a link to find the event in question.
Our clients know that US and European regulations require more and more transparency to guarantee the proper functioning of the company, but also to prevent fraud. They are also willing to invest in this dimension, because failure to comply with these requirements can result in financial, criminal and reputational penalties that can be much more expensive than the investments to meet them.
To conclude, what do you think are the challenges that await you?
Our strong growth is explained by a market reality: the equipment rate is very low. Very often we are faced with clients who do not have digital tools. then there is everything work of evangelization to be carried out around digitization. The first challenge is to convince them to take this step and then choose BoardiGO.
To this is added the security challenge. comes first document security. As such, BoardiGO is a Microsoft Azure partner and is audited by a third party to anticipate any internal or external attacks. As to the security of the identity of our usersit is kept in a private cloud that hosts our own highly secure hardware.
This content was produced with SCRIBEO. The BFMBUSINESS editorial team was not involved in the production of this content.
Source: BFM TV
