BoardPAC, the Sri Lanka founded global leader in virtual board meeting automation, was recently accorded an opportunity to explore opportunities and partnerships with business professionals, leaders and policymakers across India, with specific emphasis on ‘Best Board Practices and Processes.’
Participating in the Regional Conclave of Directors held in Mumbai as part of a sponsored partnership with the Institute of Directors (IOD) of India, the BoardPAC team demonstrated thought leadership during the discussions on digitizing and transforming how board meetings are conducted to ensure efficiency and increase productivity while maintaining utmost security and confidentiality.
“The focal point for Team BoardPAC was to establish the solution as the pathway to digitizing traditional practices at a board meeting without compromising on governance and code of conduct,” Ms Lakmini Wijesundera, the founder and CEO of BoardPACsaid. “The team further emphasized that automation of board meetings is one of the key drivers to improve processes and mitigate any risks involved with security and confidentiality. The efficiency achieved using an automated solution translates into better performing board committees.”
Stressing that the Directors’ Conclave by IOD was one the most apt platforms for BoardPAC to present some strong argumentsfor digitally transforming board meetings, MsWijesundera said: “While our board meeting automation solution eliminates the pain points of paper-based meetings for many board members, it is also a strong initiation on the sustainability front. With the increasing challenges posed to the environment by deforestation, eradicating the use of paper during meetings also contributes towards this bigger cause. BoardPAC is therefore not just a product, but a solution with a purpose – a better world.”
The event brought together a large number of stakeholders from multiple industries to engage in candid discussions on the key boardroom pain points. Panel discussions and fireside chats took place on key headlines including Ushering Digitalization into Board Rooms, Environmental, Social and Governance (ESG), Business Responsibility and Sustainability Reporting (BRSR) Process Improvements, Transforming Risk to Opportunities and Enhancing Board Committee Performances.
The event was inaugurated by MrVikeshWallia, the Hon. Zonal Director (Western Region) of IOD.A highlight of the day was the keynote address by Mr O. P. Bhatt, Independent Director, HUL, Tata Steel Ltd. & TCS on Best Board Practices and Processes. MrNayan Mehta, CFO, BSE Ltd and Mr Shankar Garigiparthy, CEO & Country Manager, Lloyd’s India added value to the sessions by sharing their experiences and perspectives.
The sessionswere further enriched through the contributionsof noteworthy panelists, Mr Sunil Chandiramani, Founder & CEO, Nyka, Mr Malay Patel, MD Ewa Engineering Company, MsNamritaMahindro, CDO of Aditya Birla Group and MsSharada Sunder, Founder ofSaralife Consulting.
BoardPAC is an award-winning, multinational, paperless board meeting automation software provider recognised for driving simple, secure, sustainable, and experiential communications for the board and executive members. The Company serves a host of fortune 500 companies worldwide, with over 50,000 users globally. Leading corporations such as Petronas, Deloitte, EY, Mercedes Benz, Prudential, Hong Leong Financial Group, Stock Exchange of Malaysia, The Reserve Bank of India, Bidcorp, Denel, Murray & Roberts, SITA, and Novus Holdings are just some of BoardPAC’s success stories. BoardPAC has also been recognised as one of Asia’s Best Workplaces 2021 and Sri Lanka’s Best Workplaces 2020/2021 by Great Place To Work®.
In Sri Lanka, over 150 of the top corporate entities including John Keells, SriLankan Airlines, MAS Holdings, Bank of Ceylon, Commercial Bank, Hemas, Carsons, Softlogic, Sri Lanka Telecom, Sampath Bank, National Savings Bank, Nations Trust Bank and Merchant Bank of Sri Lanka as well as the SEC and Colombo Stock Exchange use the BoardPAC solution.