In the post-Enron world, it is increasingly important that a company provide directors with timely access to corporate information and demonstrate to investors that its board is actively involved in guiding the company.
Cinergy Corp., with operations in Ohio, Indiana and Kentucky serving about 500,000 gas customers, has become the first energy company to deploy an online corporate governance infrastructure. The specialized infrastructure, provided by BoardVantage Inc., will provide immediate access to directors, giving them the ability to review and approve board documents and conduct focused discussions of company issues from anywhere.
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