If the term enterprise governance (EGM) sounds unfamiliar, it should. It’s a new term that is diligent in the marketplace. In the Governance, Risk and Compliance market, there are plenty of solutions for Risk and Compliance, but there is a lot of attention to governance solutions. Governance is the practice of raising the right information to the right leaders, board and stakeholders.
Enterprise Governance Management (EGM) is the discipline of applying technical tools and resources to the full range of governance needs at the highest level and deliver long-term success and sustainability.
Why Create a New Category of Governance Solutions?
Brian Stafford, Chief Executive Officer of Diligent, said: “Governance, in its essence, is the right information and controls to direct organization, which can be facilitated by technology.” “Governance solutions allow board directors to consolidate information, so they can ask better questions, make better decisions and better shape the future of the organization they serve.”
At Diligent, we recognize that our product offerings fall into the greater governance, risk and compliance (GRC) category. Today, this category has a host of integrated solutions that address risk and compliance, but few that focus on governance. Where offerings do exist, they are not developed for the full spectrum of governance roles and responsibilities.
Diligent is the only provider of a comprehensive governance management solution .
What do we do? CEO Brian Stafford explains it this way, “The best way to share our vision for enterprise governance.
Diligent Led the Way in Board Governance Solutions
From our foundational roots in 2001, Diligent made it a mission to listen to our clients and respond to them with practical solutions. Our original mission is well ahead of our competitors in the board portal space. Our vision has stayed steadfast as we push forward to provide the best possible technology for leadership teams globally.
To learn more about how to digitize your governance needs in the boardroom, check out the governance .
When our clients told us they needed more than a board portal, we met their needs head on. They were even more flexible and more efficient. Once again, Diligent did not disappoint. We knew that this would be a lot more than our clients were asking for the same tools.
Diligent Is the Top Leader in the Governance Industry
Diligent currently employs over 600 employees with about 100 dedicated to product development. 150% on product development. Research and development is a top priority at Diligent, where we have increased our investment by more than 150% on product development. In fact, we have increased our annual investment in research and development, which is unsurpassed by any competitor.
Over 400,000 board directors and executives working in over 12,000 organizations use Diligent’s products. Diligent serves boards in more than 90 countries. To put it in perspective, Diligent serves about 50% of Fortune 1000 companies, about 70% of FTSE 100 companies and about 65% of the ASX companies.
What is the Governance Cloud?
Board directors are obligated to perform a host of varied duties and responsibilities. Diligent develops a suite of governance tools. The Governance Cloud ecosystem of products includes :
- Diligent boards
- Director and officer questionnaires (pre-filled forms)
- Board evaluations
- Resolutions and voting
- Diligent Messenger
- Diligent Minutes (beta)
- Insights (curated content and videos) (beta)
- Entity management
Diligent wants to be the partner to grow with them. Ecosystem to mitigate risk, plan for strategic growth and finally, at the highest level.
We feel that we are just at the tip of the iceberg of what the future holds in governance solutions.
Diligent Looks Towards the Future of Governance Solutions
When looking to the future of Diligent, Stafford says, “In the future, you can expect to continue investing in product, adding new features for our clients, and new solutions built on existing solutions. We aim to keep the stakes in terms of what it takes to continue to build solutions around the needs of board directors. “
Diligent said the governance space is well ahead of the competition, and our future could not be stronger. We want to continue our process of integrating and digitizing governance solutions to add to our current suite of products. Board members across the globe can expect to meet their needs. We look forward to continuing investing in research and developing the evolving needs of board directors.
Enterprise Governance Management (EGM) characterizes where we are today and where we continue to innovate for the future vision of Diligent Corporation.
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