With the ongoing pandemic and constant Lockdowns, Virtual AGM solutions continue to gain popularity as it promotes Clarity, convenience, efficiency, inclusivity, and transparency.
SO WHAT ARE HYBRID AGMS?
Hybrid AGM has a physical location for a meeting but it’s up to the shareholders to make a decision whether they want to be physically present in the venue or join virtually.
In both cases, shareholders are able to do the regular activities that are required for the event, which includes casting their votes in real-time and ask questions.
However, For the first time in Bangladesh, PICL have elected to conduct hybrid AGMs this year using a webcast with comjagat technologies which offers Gocon agm solution, an interactive technology platform, which enables the shareholders to do all the activities that they normally do in an AGM. In this Hybrid AGM of PICL, There were 57 in-house attendees and the rest of the hundreds attended the agm online.
IS HYBRID AGM EFFECTIVE?
Through a regular webinar it is possible to communicate with participants in a meeting, However, when it comes to AGM meeting conducting through a webinar, The requirement to have all the participants, the board of directors communicate with each other “ clearly and efficiently” becomes very challenging. This is why it is very important to conduct the Hybrid AGM from a platform that is solely created to conduct AGM in the venue along with virtually as that will include all the features that are required for conducting a perfect virtual/hybrid AGM smoothly.
HAVE HYBRID AGMS BEEN CONDUCTED IN PRACTICE?
Bangladeshi companies are slowly relying on technology when it comes to general meetings. Due to the pandemic, the dependency on technology for carrying out meetings and AGM has rapidly increased. Responding to this change, GOCON AGM has been working without a break to provide a top-notch solution for virtual AGM. GOCON has been the first to conduct Hybrid AGM after the second wave lockdown in March 2021.
Live webcasting, electronic voting via the AGM platform, and increasing use of electronic polls, asking questions, seeing instant vote results have become frequent features of AGMs in recent year
THE NEW ERA OF AGMS?
Due to its inclusivity and reach to a diverse set of attendees made hybrid AGMs the first choice of corporate. It brings the best elements of both event worlds together in the same frame.
Selecting the right technology and hybrid AGM platform service provider is a must. A team of experts will ensure a smooth transition and a seamless delivery for your hybrid conference or hybrid annual general meeting. The perks offered by Hybrid AGM are far beyond the gateway of conventional AGMs. Wider reach, increased attendance, better engagements, reduced traveling expenses, tops the list. All of which GOCON AGM provides, as they have been in this service from the very beginning and served over 45 organizations.
Hybrid AGMs are secure as any other AGM formats, but selecting the right technology is the key. The technology you leverage is directly associated with the security of the event. A platform built upon the foundation of trust, reliability, and honesty is the best bet to go with.
We have enumerated some of the top benefits of hybrid virtual annual general meetings. Have a look:
1. Convenient
After the uplift of lockdowns, the world started stepping out as normal. But uncertainty still prevails in the air. No one is well aware of further instructions from the government when restrictions from mass gatherings and traveling will uplift completely. Even after the world recovers from the COVID-19, people will remain skeptical about going to a large gathering for the times ahead.
2. Better Reach
Hybrid AGMs enable stakeholders/shareholders to access the event virtually thus resulting in increased reach. Today, every organization compiles diverse stakeholders residing across the globe. Reaching all of them with physical in-person meetings is nearly impossible. Some miss out on the meeting due to hectic schedules whereas others refrain from traveling at a distance. Hybrid AGMs reach a diverse set of stakeholders around the globe associated with the organization thus resulting in increased reach.
3. Maximized Attendance
An increase in attendance at hybrid AGMs can be expected. As it has a wider reach however it results in better attendance. Interested shareholders who miss out on attending in-person AGM meetings due to geographical constraints, space limitations, or traveling expenses can simply tune in virtually. Therefore, resulting in increased attendance at the meeting.
These are just a few advantages of Hybrid AGM, the benefits are countless. And to have a smooth virtual/hybrid AGM journey, We need to choose the right service provider for this solution. This is why GOCON AGM is the first go-to as they provide the smoothest service and even offer fee demos upon booking a call!
