The COVID-19 pandemic drastically has impacted individuals and businesses alike. Many board meetings around the world are being cancelled and postponed in the midst of the crisis and the need for social distancing to curb the spread of the virus.
Certain countries have relaxed the government regulations regarding mandatory “physically” attendance of board meetings by board members in order to conform to the quorum.
As an example, India’s Business Standard newspaper has published that the “Covid-19: Ministry of Corporate Affairs MCA eases attendance rules for board meetings till June 30. Relaxation allows directors to attend via audio-visual means even for approval of financial statements and the board’s report. A director attending a meeting via video conferencing or other audio-visual means is to be counted for the purpose of quorum.”
Similarly, the Colombo Stock Exchange (CSE) recently stated that listed entities may use technology as a mean to comply and undertake board meeting virtually. These decisions have been taken in light of understanding the vitalness of continuing board and governance meetings.
BoardPAC, the digital board meeting platform provides continued service with enhanced support for remote participation to the board meetings via audio conferencing and video conferencing by board members who are unable to meet due to travel restrictions and social distancing regulations in the countries.
With a combination of BoardPAC for confidential distribution of the board agenda and content directly to the board members via secure encrypted transfer of information and the usage of the audio video conferencing facilities that are enabled during the meeting time, the board meetings are able to carry out the meeting virtually.
Leading corporates such as Mercedes Benz (SA), EY, Maxis, Deloitte, Prudential, Bumi Armada, RHB Banking Group, Hong Leong Banking Group, Bursa Malaysia (Stock Exchange of Malaysia), Affin Bank, Astro, Bombay Stock Exchange, Power Grid Corporation of India, Bank of Ceylon, Colombo Stock Exchange, Carson Cumberbatch PLC, John Keells Holdings, Sri Lanka Telecom, Hemas, MAS Holdings and Colombo Stock Exchange (CSE), are just a few of BoardPAC’s users globally and locally who are availing the use of the solution at present.
The key success factors of BoardPAC is its useful set of features and options that allow users to undertake required work within the software anywhere at ease. The enhanced security features and military-grade encryption makes BoardPAC an ideal option for corporates and governance institutes to run effective, efficient and environmentally friendly business meetings safely.
BoardPAC is a globally present multinational having garnered worldwide popularity as a brand that provides board meeting automation solutions to over 50,000 users across the globe; while earning the #1 market-share position in Asia. With a presence in over 20 nations including, United States, Australia, Singapore, Malaysia, Hong Kong, Indonesia, South Africa, India, Sri Lanka and many others, additionally, BoardPAC serves a host of fortune 500 companies worldwide; while being the preferred choice for board meeting automation.
