What are Virtual AGMs and What are its Benefits?


AGMs are an important event for any industry that is organised annually every year. It involves a meeting between interested shareholders and the director of the company to discuss the overall performance of the year and set goals for the upcoming year. 


With the advent of the coronavirus global pandemic, all the physical events planned up for 2020 either got postponed or cancelled completely. Organisations around the world taken a step ahead and leveraged virtual event technology. Large and small scale companies have decided to move their AGMs online in a digital environment to keep going even in the times of the global health crisis. 


A virtual annual general meeting is an online meeting between the shareholders/stakeholders and the director of the company organised on a web-based virtual AGM platform. It enables participants to tune-in from the comfort of their own space via any device to connect and network remotely. The various roadblocks faced during on-ground AGMs gets completely resolved with virtual annual general meetings. Geographical constraints, space limitations, travelling expenses, hiring a venue with large capacity, and so on are no more an issue with virtual AGMs. To host a successful virtual AGM, selecting the right virtual AGM platform is a must that offers engaging and interactive solutions. The perks served by virtual AGM are far beyond the reach of in-person annual general meetings. Have a look at some of the benefits of virtual AGMs:


  • Increased attendance - virtual AGMs have increased attendance when compared to in-person AGMs. It allows attendees to attend the event remotely via any device from their own location without having them to travel. However, it results in increasing the percentage of attendance considerably.


  • Better engagements- The virtual AGM platform offers better engaging opportunities than in-person AGMs. It enables the organiser to introduce live polls, voting, Q&A sessions and so on that enable them to gain participants' insight. 



  • Reduction in costs- The cost involved in renting a venue, travelling, accommodation, food, and drinks gets completely escalated with virtual AGMs.


  • Reduction in carbon footprinting- As virtual AGMs are hosted on a web-based platform it results in a reduction in carbon emissions during the event. However, it is an eco-friendly alternative. 


Robust data tracking - The virtual AGM platform enables you to keep a record of every digital attendee footprint right from the start till the meeting ends.

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