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Malaysia’s Kenanga steps into paperless board meetings with BoardPAC

September 2015: BoardPAC has been recently selected by K & N Kenanga Holdings Berhad, a leading independent financial group in Malaysia, to facilitate paperless Board and Senior Management Committee meetings using IronOne’s ‘BoardPAC’ software solution from 17th of April 2015.

Established for more than 40 years, Kenanga is a financial group in Malaysia with extensive experience in equity broking, investment banking, listed derivatives, treasury, corporate advisory, Islamic banking, wealth management and investment management.

Today Kenanga Investment Bank Berhad is the largest independent investment bank by equity trading volume and value, as well as is one of the top three brokerage houses with the largest network of remisiers in the country. In addition, Kenanga Deutsche Futures Sdn Bhd is the Top Overall Futures Broker and Top Equity Futures Broker for 12 consecutive years, awarded by Bursa Malaysia Berhad.

According to Norliza Abd Samad, Group Company Secretary, K & N Kenanga Holdings Berhad, “We are pleased with BoardPAC due to its user friendliness and the security measures within the platform that helps us maintain our desired level of governance. BoardPAC through its partner Maxis Berhad, delivered an e-platform that met our business and operational requirements. Through the BoardPAC platform, we have been able to consolidate all boardroom documents into ‘virtual boardbooks’. Our senior management and board of directors are also able to leverage on the additional features it provides thus creating engagement opportunities beyond the regular meetings.”

BoardPAC, is an effective and highly secure way for Board Directors and Management Committee members to access board and committee papers and supplementary information directly from their iPads, thereby eliminating the need for printing multiple copies of each document and couriering such documents to the Directors. It also provides an easy way for Directors to view all documents related to a board paper in a clear manner.

BoardPAC has the highest levels of security and confidentiality maintenance through its core focus on security, and is an ISO 270001-certified product complying with the highest levels of security management. BoardPAC has gained immense success around the globe as a secured and dependable alternative to the conventional paper-based Board and senior level meetings at the large corporations of the world, said CEO for BoardPAC Ms. Wijesundera. The high level of confidentiality provided by the automated system conforms to the industry standards stipulated by global organizations.

BoardPAC’s simplicity, security and mobility helps boost a company’s as well as its users’ levels of productivity. Its cost effectiveness and convenience has laid the platform to enable quick decision making through a collaborative approach. The key success of the iPad based BoardPAC Board Approval Solution and Paperless Governance is attributed to the simplicity of the solution.

International customers include leading Asia Pacific giants such as Bursa Malaysia (Stock exchange of Malaysia), MayBank, Petronas, Affin Bank, Hong Leong Bank, RHB Bank, Maxis Telecom, Astro and many such large corporations in the Asia Pacific region. Deloitte & Touche in South Africa, one of the ‘Big Four’ audit and consulting companies also uses the same technology. Customers for BoardPAC in Sri Lanka include John Keells Holdings PLC, Bank of Ceylon, Commercial Bank, Carsons Cumberbatch, Hemas Holdings, MAS Holdings, Srilankan Airlines, Sampath Bank, LB Finance, Lanka Hospitals, Nations Trust, Sampath Bank, Peoples Bank, Peoples Leasing, Union Bank, Colombo Stock Exchange, Telecom Regulatory Council Sri Lanka (TRCSL).