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More corps. instituting mtgs. policies.

Publication: Business Travel News
Publication Date: 07-JUN-04 		Format: Online - approximately 853 words
Delivery: Immediate Online Access

Article Excerpt
A majority of corporations either now have or this year plan to develop formal policies covering meeting planning and procurement, most of which center around mitigating the risk associated with staging events, according to an exclusive survey of 195 corporate meeting buyers.

Forty-two percent of all Meetings Monitor respondents said they have a formal meetings policy in place, with an additional 23 percent planning to have such a policy by year-end. The remaining group has no plans to create a meetings policy.

The growth of meetings policies--20 percent of those respondents with a policy initially implemented it in 2002 or 2003--seems to be fueled by senior management's commensurately increasing interest in group and meetings travel expenditures, desire to mitigate risk and the increase of travel and meeting...

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