In today’s context, requirements for the Annual General Meeting of Shareholders (AGM) go further. AGM must take place within a specific range of time, comply with social distancing and especially, be more cost-effective than previous years. This puts extra pressure on enterprises, but also opens up opportunities for those quickly adapting to the rise of modern technology.
Challenges ahead
According to clause 2, article 136, Law on Enterprise 2014, AGM must be convened once a year, and within 04 months from the end of the fiscal year. Frequently, Vietnam-based public enterprises have their fiscal year end on December 31. It means the AGM must take place before April 30 of the next year. If businesses look for an extension to the deadline, they must hold AGM before June 30.
The AGM is also the time when shareholders review the company’s financial performance, lay down the road ahead and update dividend policy. Therefore, businesses find it increasingly difficult to postpone AGM this year.
In difficulty lies opportunity
Currently, a number of enterprises have moved their AGM online after years of traditional meetings because of its benefits.
“If you used to organize an AGM before, you know full well how much time this meeting consumes, and how much workload it puts on the HR department. They have to prepare Annual Report, AGM agenda, data, design, and confirm attendance, just to mention a few,” said Ms. Nong Vuong Phi – HR expert, Founder and CEO at Phi&P
With BVOTE-backed online AGM solution (BVOTE is a Bytesoft product), Apex helps enterprises easily meet all the requirements, including time reduction, effective use of human capital, and cost saving.
Cost saving – Information transparency – User friendliness
BVOTE is the first system in Viet Nam to apply BLOCKCHAIN to online voting, ensuring the accuracy and confidentiality of final results.
Information disclosure under applicable Law on Enterprise
Free legal advice
User-friendly interface
Affordable prices tailored to the specific needs of each client.
At Apex, we take pride in our optimal voting technology. On top of that, with years of experience in organizing local and global events, we also take your AGM to a new height. By utilizing factors that technology companies do not have to offer, we add authentic feelings to online events.
CREATIVITY
Even with online events, we still manage to include new and impressive elements, for example, inspirational movies, or video reporting, etc.
TECHNOLOGY
Multi-channel interaction, enabling shareholders to send questions or make video calls to the AGM through common calling apps; High-quality sound & lighting system; Seamless video calls; 360-degree live streaming with immersive experiences.
THOUGHTFULNESS
At Apex, we are thoughtful in every detail of the event scenario, design, and setup to ensure compliance with regulations against COVID-19.
Our team is here to answer all your questions.
Contact Mr. Hoai Phuc (0932 788 129) to get a free consultation.
