iPad 2 shortages delay paperless meetings

European companies, including at least one Swiss multinational, are being forced to delay a move to paperless board meetings because of the shortage of Apple’s recently launched iPad 2 tablet device .

Company secretaries in Europe and elsewhere quickly embraced the original iPad and a specialised iPad app called Boardbooks from Diligent, a New Zealand-based software developer, as a money and time-saving alternative to sending out bulky packages of board papers to directors each month.

iPad 2 tablet launched by Apple's Steve Jobs

Apple has launched the second generation of its iPad tablet computer at an event in San Francisco.

The company said the machine featured a faster processor, improved graphics, and front and rear cameras.

Apple leads the industry in sales of tablet devices, but has recently begun to lose share to rivals such as HP and Samsung.