Environment

Diligent Boardbooks Saves Trees and Fund Board Members at the Same Time. Diligent Boardbooks is leading a revolution in the way that fund directors view their boardbooks.

MutualFundWire Magazine: Friday, May 25, 2007

Today's good business practices need to be both profitable and sustainable. Diligent Boardbooks helps companies improve their corporate governance processes, while simultaneously lowering the cost of governance, reducing the use of paper and reducing the carbon dioxide emissions that lead are said to lead to global warming.

One of the benefits of utilizing Diligent Boardbooks is the benefit it brings to our environment. No trees are felled to produce board materials, no gas or jet fuel is used to ship them around the world, and directors can logon and attend board meetings without having to physically attend the meeting.

Several clients are reporting that the use of Diligent Boardbooks is radically reducing the amount of paper they were previously using to create their board materials. By way of example, one of our mutual fund complex clients that produces 2,000+ pages of board materials each month and distributes them to 20+ directors and/or users has eliminated printing over 500,000 pages of materials each year. In addition, they longer have to ship their board materials around the world saving further resources.

Other companies are reporting that directors are attending board meetings from remote locations and are simply logging onto their Diligent Boardbooks to follow the board meeting presentations and discussions live, in real time.

By providing the opportunity for directors to avoid flying to every board meeting, Diligent Boardbooks enables further resources to be saved.

By way of example, a director who flies 30,000 miles a year puts 19,100+ pounds of carbon dioxide into the atmosphere.

Replacing even a small number of trips can dramatically reduce carbon dioxide emissions:

• If instead of a director flying from New York to London for a board meeting, the director used Diligent Boardbooks to attend online, this would save 2,690 pounds of carbon dioxide.


• If instead of 12 board members flying from Dallas to San Francisco to attend a board meeting, they held an online board meeting using Diligent Boardbooks, this would save 22,377 pounds of carbon dioxide.