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A hybrid solution for all your general meetings and governance instances
Digital tools have become indispensable in our daily and professional lives. Among the key innovations is the rise of hybrid events, seamlessly blending in-person and virtual participation. The good news? This flexible format is now widely adopted for general meetings!
Thinking of organizing a hybrid general meeting? Here’s everything you need to know for a successful implementation.
What is a Hybrid General Meeting?
Before diving into the organization process, let’s clarify what a hybrid general meeting entails.
In-person and remote participation
A hybrid general meeting combines physical presence and virtual attendance. Participants, including board members, shareholders, or property owners, can choose to attend either in person at a physical location or remotely through an online platform.
This flexibility allows you to merge the advantages of both in-person and remote formats, providing a seamless experience for everyone involved.
Good to know: It is entirely possible to organize both ordinary and extraordinary general meetings in a hybrid format
Benefits of a Hybrid General Meeting
The popularity of hybrid general meetings is growing rapidly, thanks to their numerous benefits:
1. Enhanced accessibility:
Remote participants can easily overcome geographical barriers that might otherwise prevent them from attending in person.
2. Increased transparency:
A digital setup allows for thorough meeting tracking, improves the monitoring of votes, and fosters trust among participants.
3. Cost efficiency:
Fewer in-person attendees reduce expenses related to catering, travel, and other logistical needs.
However, to fully reap these benefits, your hybrid general meeting must be carefully organized.
How to Successfully Organize a Hybrid General Meeting
1. Choose the right platform
The foundation of a successful hybrid general meeting lies in selecting a reliable platform. Your chosen solution should offer:
• Secure electronic voting capabilities
• Seamless integration for both in-person and remote participants
• Compliance with data protection regulations.
2. Test all equipment
Ensure a smooth experience by checking the internet connection, audio/video systems, and live streaming options before the event.
3. Inform your participants
Distribute a detailed guide explaining how to access the platform, use its features, and participate effectively. This is especially crucial if this is the participants’ first hybrid meeting.
4. Engage your audience
Interaction is key. Remote attendees should have the same opportunities as in-person participants to ask questions, make comments, and cast their votes. Ensure your platform supports dynamic interaction without disrupting the in-person experience.
Secure Electronic Voting for Hybrid General Meetings
When you choose Voteer, you gain access to the most secure electronic voting solution for your hybrid general meeting. Our platform is designed to meet the highest legal standards and prioritizes:
• Secure online voting
• Integrity of voting processes
• Transparency of results
• Auditability of the entire process
With Voteer, you and your participants can feel confident in the fairness and reliability of the voting process.
What are the two types of general meetings?
General meetings are classified as:
• Ordinary General Meetings (OGM): Held annually to approve accounts, distribute dividends, and appoint board members.
• Extraordinary General Meetings (EGM): Convened for exceptional decisions like amending bylaws, increasing capital, or restructuring.
What is the agenda of a general meeting?
The agenda outlines the topics to be discussed and voted on during the meeting. It provides participants with a clear overview of the session’s structure and objectives.
What is the ideal timing for a general meeting?
For companies, an Ordinary General Meeting must be held annually within six months after the end of the fiscal year. For example, if the fiscal year ends on December 31, the OGM must occur before June 30 of the following year.