It doesn’t matter if it’s for organizations that are government, commercial or nonprofit organizations, boards deal with sensitive and confidential information on a regular basis. They are required by law to protect the interests of shareholders and other stakeholders. Therefore, they have to be able discuss matters in a transparent manner without worrying about their decisions being disclosed.

Creating a secure board portal which is only accessible to people with the correct password is the best way to ensure that board documents are safe. It is also beneficial to create policies regarding the safe storage and disposal of physical papers. Also, using a board application that permits secure sharing of files can be a great option to prevent access violations.

Many organizations fail to take this precaution despite it appear obvious. This is particularly true for board meetings. Information that is leaked could cause damage to the reputation of an organization and it can even cause legal consequences for directors and the company.

A confidentiality agreement is a vital instrument to keep secret documents private, but it can be difficult to enforce. A board’s confidentiality policy should clearly define the consequences for violating the agreement. This could mean penalties and disciplinary action. In addition, it should define what types of information needs to be kept private and include security protocols such as encryption and the use of only approved platforms for communication.

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