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Discovering new trends

When annual general meetings become 100% online

  • Download pdf 781.21 KB
April 24th, 2020
Elections and Participatory Processes
Onesait Democracy

Many companies have already adopted annual general meetings (AGM) via telematics. This process is a natural consequence of the digitalisation that has become a part of our daily life (in terms of social interaction, purchases, work, play, etc.). Now organisations are adopting it for the benefit and convenience of all parties involved.

The COVID-19 outbreak is now a new factor added to this situation. This virus might change many of our routines and habits, at least in the short term. However, this does not have to stop or hinder actions that can easily be carried out via technological means that currently offer thoroughly acceptable alternatives. An online AGM is one of the best examples within this broad range of possibilities. Remote solutions dispense with travel and crowds in periods when they are restricted or even prohibited.

An AGM can be conducted remotely, by allowing participants to access real-time video and audio streaming, as well as enabling them to address the meeting and vote online. A mixed format may also be used, by conducting the meeting at a specific physical space and allowing shareholders to access it remotely in real time. 

For that, existing software and hardware solutions provide support for the execution of online annual general meetings in each one of their phases:

  • Meeting announcement: with the creation of an online forum.
  • Before the meeting: from the request of online attendance, the record of proxy and postal voting, to the online voting and representation.
  • During the meeting: through online verification and voting, as well as online speaking with real-time audio and video streaming. 
  • After the meeting: from the preparation and certification of data to the inventory of reports and documentation. 

After receiving green light from the government, several companies such as Bankia, ACS, Iberdrola, Siemens Gamesa or Ferrovial, have taken initiative and moved their annual general meetings to the online world.

In this report, you will discover Minsait’s role in the adaptation of AGM for a 100% online process, turning it into a more secure, efficient and cost-effective scenario.

Download Report in pdf 781.21 KB
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The authors
Jose Ignacio Vacas Farres
- Annual General Meeting Responsible
José Olivares Serrano
- Annual General Meeting Responsible

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