Diligent promises more diligence after options error; FY profit almost triples

Diligent promises more diligence after options error; FY profit almost triples
March 1 (BusinessDesk) - Diligent Board Member Services, whose software helps directors to manage corporate governance information flows, is promising better board oversight after a review found an embarrassing oversight meaning executives got more options than they were entitled to. The mis-step tarnished an otherwise strong year operationally, with the New York-based and locally listed firm nearly tripling annual profit. Chairman David Liptak said the board is in talks with management to nail down a compensation package after the error, a...