Melrose Industries plc, the leading investment firm that buys, improves and sells engineering businesses, is the latest FTSE 100 Company to turn its board meetings paperless, by way of using Diligent Boardbooks.
It joins companies reading in the league as Kingfisher, Intu Properties, Ladbrokes and International Personal Finance in making the transition from that of traditional, paper-based board materials, to using Diligent’s secure, digital board portal. Board information is delivered to company directors via an iPad app, laptop, or other tablet device.
Adam Westley, company secretary and head of Compliance at Melrose had used Diligent Boardbooks at a previous company and had found the service to be excellent. When Melrose decided to look for a board portal to make the process of creating, distributing and reviewing confidential board materials more efficient and secure, Diligent Boardbooks was an obvious choice.
He states: “Melrose sought to speed up the process of board pack dissemination, and to remove the need for hard copy papers. Paper board packs are also an obvious security risk, and we wanted to ensure that confidential materials are kept secure. Diligent offers us this security.”