HAVE VIRTUAL MEETINGS COME TO STAY?
26 Jan 2022 · Articles
The advent of COVID-19 brought about a new phase in administering shareholder meetings (often in the form of an Annual General Meetings (AGM) or the less common Extra-ordinary General Meetings (EGM)). It all started with complete lockdowns to restrictions on public events and then thresholds for number of attendees in events due to social distancing measures enforced by the government. Prior to COVID-19, it was possible to have as many as thousands of shareholders in one physical meeting.
The pandemic's eruption at the start of the 2020 AGM season forced many companies to
cancel in-person events. Many companies had to improvise and figure out how to use technology
to administer online meetings and ensure uninterrupted and effective communication with
their investors and business environment. Without a robust remote/virtual alternative, companies
would be limited to physical meetings attended by a limited number of people, or postponing
shareholder meetings.