BoardSuite(TM) launches free governance & compliance solution for Canadian business

    New Tool Promises to Change the Way Canadian SME and Not for Profits
    Boards Operate

    TORONTO, June 16 /CNW/ - BoardSuite(TM) today announced the availability
of the first free governance and compliance solution created specifically to
enable good governance and regulatory compliance for corporate boards of Small
and Medium Enterprise (SME) and Not for Profit (NFP) organizations. As a real
time, secure and access anywhere/anytime portal that streamlines board
communications and decision making process, BoardSuite promises to change the
way Canadian SME operate by giving directors and officers the confidence to
recognize and comply with the onerous regulatory demands of today's complex
business environment.
    "In the post Enron era, many corporate boards are feeling overwhelmed and
under resourced in their efforts to achieve regulatory compliance and provide
good governance for their shareholders," said Oscar A. Jofre, President and
Founder of BoardSuite(TM). "Well now there's an answer for Small and Medium
Enterprises and Not for Profits who can get back the confidence of directors
and officers who will use BoardSuite to work in an environment specifically
designed to reduce your business risk."
    While many larger corporate entities have the resources to address the
need for increased vigilance and accountability, the challenge for
organizations that fall into the category of SME is often greater. The
governance and compliance standards SME's face, are often equal to their
larger counterparts but go beyond the scope of resources they can access or
afford. This statement is even more accurate when one considers the
circumstance of Not for Profit organizations who must operate with complete
accountability and transparency to their supporters and regulatory
    "The launch of BoardSuite(TM) represents a shift in how Canadian
businesses can enhance governance, lower risk and improve their management
capabilities," said David Griffiths, Senior Vice President, Aon Reed
    Aon Reed Stenhouse announced today that they are partnering with
BoardSuite(TM) to make Aon's Director and Officer's solutions available to all
BoardSuite users. Aon along with Canpro Global, Cyberbahn, Corptropolis,
Execurisk Insurance Services, Laurel Hill Advisory Group, Execu-Risk and the
CNQ Stock Exchange are partnering with BoardSuite(TM) to create an ecosystem
of essential services necessary to the proper functioning of corporate boards.
This partner list includes some of Canada's leading corporate business service
organizations who offer a wide range of services including executive and
corporate liability insurance, public disclosure and news release
distribution, proxy solicitation and shareholder communication services, share
transfer agents, corporate investigation and online business registration and
corporate information retrieval services. For a full list of BoardSuite(TM)
partners see
    "We know that most organizations are hungry for tools and resources that
will not only help their directors and officers confidently manage their G&C
obligations but ultimately help them to get the board working again on
business growth and performance," said Jofre. "BoardSuite(TM) puts key
resources and information at the fingertips of your business leadership team
wherever they are, whenever they need it through a secure and easy to access
portal solution."
    BoardSuite(TM) has already received strong support and recognition from
among its early group of beta customers who have witnessed the growth and
development of the service over the past four years. Tom Milne, a sitting
member on more than half a dozen corporate boards, including Added Capital
Corp., Enhanced Oil Resources Inc., Lands End Resources Ltd., OilSands Quest
Inc. is just one example.
    "It was immediately obvious to me how BoardSuite(TM) could save time and
money - which was important - but, more so, I saw how it could be used to give
me much greater control over the huge volume of board documents and data I
have to deal with all the time," says Mr. Milne. "As far as I'm concerned, no
one should ever agree to sit on a board if a tool like BoardSuite(TM) isn't
being used because, frankly, the alternative is not at all attractive."
    The launch represents a ground breaking achievement for the company that
was founded in 2004 in Edmonton, Alberta and moved its operations to Toronto
in 2007. After four years in beta testing and operation with more than 100
customers, BoardSuite(TM) specifically chose to operate as a free SaaS based
solution because of the immediate power and impact it would have on their
prospective client base.
    "To the best of our knowledge we are the first board level business
utility to operate without any barrier to access including cost," said Jofre.
"We believe that makes our offer very compelling to the target market of
organizations with less than $500M in annual revenue who have been virtually
ignored up until now by most providers. We believe BoardSuite(TM) will be both
a powerful tool for improving board performance for our clients but also a
disruptive force for positive change in the business services arena itself."

    About BoardSuite(TM)

    Founded as a company in 2004, the BoardSuite(TM) solution was developed
as a Software as a Service (SaaS) based tool. Since its beta release,
BoardSuite(TM) has been adopted by more than 100 companies who use it to
address their board compliance, governance and overall board communications
and process needs. The product has become a full fledged board portal designed
to specifically for SME and NFP boards and organizations.

For further information:

For further information: Lars Hansen, C2E Consulting,, (416)

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