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The topic you have brought up and the types of solutions you have mentioned here is often overlooked, i think. Thanks for the write-up and bringing this subject to light.
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Pro
My organization already owned the Altiris (Symantec) Client and Endpoint Management Suite. We were able to easily implement Symantec's new Mobile Device Security product into the Altiris platform.

The quality of Altiris and Symantec's security reputation made buying the product a fairly easy sell.
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One major concern in a tablet-based board meeting process is the potential (and inevitable) loss of some devices, either through simple absent-mindedness or outright theft. It is therefore crucial to have some form of security when this happens. The primary way, which you've already mentioned, is to have strong encryption.

On top of this, there should be a way to wipe the data that is on the device. Remote wipe is one solution, but it won't work if the device never connects to the internet. Another approach is to automatically purge the device's contents upon detecting password guessing. This is actually the approach that our own solution (www.anywherepad.com) takes.
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