Press release

Diligent Launches Modern Governance to Address Dangerous Governance Deficits and Announces New Modern Governance Summit

Sponsored by Businesswire

Today, Diligent Corporation launched a new category, called modern
governance, designed to provide leaders with the missing key to bring
governance into the digital age, along with new technology and a summit
to support this well-designed system. Modern governance is the practice
of empowering leaders with technology, insights, and processes to fuel
good governance that organizations require to thrive and endure.

Modern governance helps organizations address governance deficits. A
governance deficit means an organization lacks the security, foresight,
and accountability to withstand the onslaught of contemporary challenges
– such as activist investors, cyber risk, regulation, diversity and
global uncertainty.

Feedback from Diligent’s 16,000 clients and the 600,000 leaders who use
its technology – including more than 50% of the Fortune 1000, 70% of the
FTSE 100, and 65% of the ASX – sparked the need for rethinking how
companies and their boards should approach governance to navigate
today’s complex landscape.

In fact, new insights revealed by the Diligent Institute identified that
governance deficits across more than a dozen public companies have cost
shareholders more than $490 billion in value one year after the crises,
while good governance has fueled companies to outperform lower-ranking
peers by 15%. Regulatory mishaps, cyber-security breaches, or undetected
flaws in corporate culture caused by governance deficits carry
long-lasting effects; according to the above-mentioned research,
companies with governance shortfalls still underperformed their industry
sectors two years after the incident by an average of 45%.

“The hundreds of billions of dollars in losses from corporate crises
underscore the risks of operating with a governance deficit and
highlight the growing need for leaders to embrace solutions that help
them turn governance into competitive advantage,” said Diligent CEO
Brian Stafford. “Modern governance empowers organizations to keep up
with today’s fast-changing landscape and equips board members with the
right information at the right time to mitigate risks and seize new
opportunities. The impact that good governance has not just on company
performance but on jobs and resources is enormous and Diligent is
fortunate to support so many leaders at a time when their work is
challenging and the stakes are high.”

Modern governance empowers today’s boards and management teams to
achieve key outcomes:

  • Allowing leaders to more quickly spot risks and identify opportunities
    to outperform the competition while making their organization both
    nimble and ethical
  • Helping board members be more engaged partners who can act like radar
    on the industry and serve as valuable advisors to executives
  • Centralizing critical data and protecting your organization’s most
    valuable information while enabling secure collaboration among leaders

The world’s only comprehensive platform to enable and support modern
governance, Diligent is also unveiling a new governance application
called Nominations to empower Nominations and Governance Committees to
leverage the same information that proxy advisors, shareholders and
potential activist investors already access, which is a capability that
is critical to good governance practices in companies. The Nominations
and Governance application not only includes data on your boards skill
composition and compares it to peers but it also includes an easily
searchable database of other board members and executes to supplement
the nominations process.

On the heels of CEO Brian Stafford’s book, Governance in a Digital Age,
Diligent will also host the first-ever Modern Governance Summit for
governance professionals looking to help their organizations compete
more effectively and seize new opportunities, while doing the right
thing for stakeholders, staff, and the communities where they do
business. The summit will be held in Orlando, Florida from September
8-13, and will feature knowledge-packed learning and networking
opportunities with key leaders in the field and luminaries of the

Learn more about modern governance at
and register for the Modern Governance Summit today at

About Diligent

Diligent is the pioneer in modern governance. We empower leaders to turn
governance into a competitive advantage through unparalleled insight and
highly secure, integrated SaaS applications, helping organizations
thrive and endure in today’s complex, global landscape. Our trusted,
cloud-based applications streamline the day-to-day work of board
management and committees, support collaboration and secure information
sharing throughout the organization, manage subsidiary and entity data,
and deliver the insights and information leaders need to mitigate
governance deficits and seize new opportunities.

The largest global network of corporate directors and executives,
Diligent is relied on by more than 16,000 organizations and 650,000
leaders in over 90 countries. With award-winning customer service across
the globe, Diligent serves more than 50% of the Fortune 1000, 70% of the
FTSE 100, and 65% of the ASX.

to learn how modern governance helps you outperform your peers and the