Betsy Atkins is nothing if not an experienced director, having served on the boards of such organizations as the Nasdaq Stock Exchange, Chico’s FAS, Inc., and Reynolds American Inc. When a couple of those corporations decided to use specialized software to communicate with their boards, the directors were enthusiastic.
No wonder: Board software packages were supposed to revolutionize communications between corporations and their boards. The software would host meeting information for directors on secure servers. The board members could gain access wherever they were, no matter their travel schedules. The days of rushing to make an express delivery deadline — only to find out that the recipient had checked out a day early, before the package arrived — were over. Some packages even let a board discuss topics online before formal meetings. Corporations could control information, update it as needed, give extra time to the financial department to round up numbers, and create auditable processes for better governance and compliance.
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