In response to the spread of COVID-19 and compliance with the stay-at-home policies, most companies have decided to switch to remote setups, allowing them to have the freedom to hold hybrid or virtual AGM setups in Singapore.
If you want to learn more about hybrid or virtual AGMs, here is a list of everything you should know.
WHAT ARE AGMs?
Whether a virtual or hybrid AGM in Singapore, AGMs stand for annual general meetings. These are the most critical part of a corporation. It is an annual shareholders meeting but taken exclusively online. Stockholders are only able to participate online and vote remotely.
WHAT ARE THE BENEFITS OF AGMs?
Live streaming in Singapore works best for grand corporation events, while AGMs are for general stockholders meetings, and webinars are for communicating with clients. When it comes to business, everything has a purpose. For AGMs, here are some of its perks:
- It offers opportunities for shareholders to participate regardless of their location.
- It promotes convenience as shareholders and board members no longer need to travel from their homes to the company, reducing the CO2 emissions from vehicles.
- It allows digital voting, which means fewer papers and more chances to help Mother Earth. In addition, digital voting promotes more transparency and instant results.
HOW TO ORGANISE AGMs?
Running a successful virtual AGM in Singaporeis more challenging than it seems. To help you organise it well, here are some tips:
- Run a rehearsal.
- Write a script and strict timeline flow.
- Test your virtual platform’s capacity.
- Get a tech stack.
- Stick to the time frame.
- Take meeting minutes.
If you run a business, AGMs are one of the most critical parts of your company. Be it a virtual or hybrid AGM in Singapore,knowing how to hold AGMs remotely is crucial, considering that the COVID-19 pandemic is still ongoing. Consider this detailed list to guide you in organising AGMs.
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