Cinergy to Deploy Online Infrastructure Facilitating Access for Board of Directors.Business Editors CINCINNATI--(BUSINESS WIRE)--April 1, 2002 Cinergy Corp. (NYSE NYSE See: New York Stock Exchange :CIN CIN cervical intraepithelial neoplasia. Cervical intraepithelial neoplasia (CIN) A term used to categorize degrees of dysplasia arising in the epithelium, or outer layer, of the cervix. ) has become the first energy company to deploy an online corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. infrastructure that will facilitate real-time access to key company information for its board of directors. The specialized infrastructure 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. The infrastructure is provided by BoardVantage, Inc., a premier provider of crypto-secure online systems for corporations and their boards. "It is important now more than ever that we enhance our corporate governance processes. At this time of change in the energy industry, it is especially important to provide our directors with more timely and direct access to corporate and industry information," said James E. Rogers, chairman, president and chief executive officer of Cinergy. "By proactively improving governance processes, we have again demonstrated to our investors that our board is actively involved in guiding the company by its use of one of the most accessible resources of pertinent information." The BoardVantage system chosen by Cinergy sets the standard for simplicity and ease of use. "The infrastructure required little time to set up and is minimally intrusive in·tru·sive adj. 1. Intruding or tending to intrude. 2. Geology Of or relating to igneous rock that is forced while molten into cracks or between other layers of rock. 3. Linguistics Epenthetic. on our existing operations and systems," said Julia S. Janson, corporate secretary. "It met all our requirements for security and functionality and is being well received by our directors." Dr. A. K. Pradeep, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of BoardVantage, Inc., said, "Our goal is to provide boards with collaborative infrastructure solutions that enable them to proactively keep on top of the ongoing operations and health of the company. With an unrelenting focus on security, simplicity, functionality as well as the aesthetic, we set ourselves apart in satisfying the demanding needs of directors. Corporate boards are the single market focus of BoardVantage, and we are delighted to partner with a forward-thinking company like Cinergy." Cinergy Corp. has a balanced, integrated portfolio consisting of two core businesses: regulated operations and energy merchant. Cinergy owns regulated delivery operations in Ohio, Indiana, and Kentucky that serve 1.5 million electric customers and about 500,000 gas customers. In addition, its Indiana regulated operations own 6,000 megawatts of generation. Cinergy's energy merchant business is a Midwest leader in low-cost generation owning 7,000 megawatts of capacity with a profitable balance of stable existing customer portfolios, new customer origination, marketing and trading, and industrial-site cogeneration cogeneration In power systems, use of steam for both power generation and heating. High-temperature, high-pressure steam from a boiler and superheater first passes through a turbine to produce power. . The "into Cinergy" power-trading hub is the most liquid trading hub in the nation. BoardVantage, Inc. (www.boardvantage.com) offers products and consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" designed exclusively for corporate boards and is headquartered in Berkeley, California Berkeley is a city on the east shore of San Francisco Bay in Northern California, in the United States. Its neighbors to the south are the cities of Oakland and Emeryville. To the north is the city of Albany and the unincorporated community of Kensington. . Products include pure web-based document management, wireless alerts, conferencing See teleconferencing. , and both time and contact management. Proprietary encryption algorithms A formula used to turn ordinary data, or "plaintext," into a secret code known as "ciphertext." Each algorithm uses a string of bits known as a "key" to perform the calculations. The larger the key (the more bits), the greater the number of potential patterns can be created, thus making and end-to-end security meet the stringent requirements of the corporate board marketplace. Consulting services focus on board workflow issues, boardroom technology infrastructure, and customized engagements. For more information, contact BoardVantage at 510-705-8952 or via email at info@boardvantage.com. |
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