If you think that shareholder meetings must take place in the old-fashioned way where everyone must travel to a specified location and meet for the day in the same room, you might want to read on to consider the newest technology that is available for businesses of all sizes. In fact, the easiest way these days to do this is to hold a virtual shareholder meeting.
Cost Effective
Physical meetings can be expensive, especially since shareholders are generally located all over the globe. With a virtual meeting, they can attend without ever having to leave the comfort of their home office. Travel costs are nonexistent and since more people are able to attend, you get a better feel for what the shareholders actually think about proposals.
More Inquisitive
Numerous studies have shown that shareholders feel much more comfortable asking tough questions of the board members. When people are discussing complicated subject matters in a virtual setting, it eliminates the intimidation factor that can occur during face-to-face meetings.
Reviewable
Since virtual meetings are recorded as they happen, anybody who is not able to make it to the live meeting can go back and watch it at their convenience. It is also great in terms of legal protection because nobody can claim that things were discussed that were not talked about. This is why the legal department of your company loves the idea of a virtual shareholder meeting.
If you are interested in holding a shareholder meeting of this nature, please contact Colonial Stock Transfer at https://www.colonialstock.com/.
