iPad revolution hits boardroom

City-based insurance firm Torus says it has become the first company in the UK to hold paperless board meetings following a trial of Apple’s iPad. Directors of this $1bn (£663m) insurance company used iPads to review documents during the board sessions instead of the usual print-outs. Bosses say prior to using iPads, the firm was printing 1,600 pages a meeting and couriering the material to directors based in Bermuda, Jersey and London. It says the savings in printing and courier charges mean the new devices have paid for themselves after just one meeting of the full board.