Using IRC for Electronic Meetings?

paenguin asks: "Our Linux User Group sometimes needs to hold Exec meetings, electronically. We have used IRC in the past, but it leaves us with a problem: there is no easy or built-in way to prove who is who. Do Slashdot readers know of a way to provide non-repudiation over IRC, or of another open source method of holding group electronic meetings where we can verify that everyone is who they say they are?" Wouldn't a private IRC server, with a combination of suitable IRC services (ala NickServ and ChanServe) and fairly restrictive policies, be one solution to this problem? How would you set up such a system? For those willing to brave the setup hassles, might some form of secure IRC also be an option?