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Now that many meetings are held using a hybrid or virtual format, and organizations are less reliant on traditional paper votes, the requirement for efficient voting technology has increased. Substituting the paper ballot for the online alternative means that the voting process is much more transparent, where the results of the votes can be displayed instantaneously to the attendees of the meeting. The vote counting process is also much quicker, which means more time can be spent on the business of the meeting.
Investing in voting technology means that your results are more accurate, as well as being much easier to track and analyze. When a meeting is hybrid, this also means that virtual and in-person attendees’ votes are counted in the same way, avoiding confusion when analyzing the results. Additionally, Lumi’s patented technology means that votes are counted in a way that reflects the share value weightings of your individual investors.
To be counted in quorum, attendees must have the ability to vote and voice their opinions within the AGM, for many organizations sending a written message to the meeting is not sufficient to count as a legal participant at the meeting. Therefore, voting technology is crucial for attendees joining virtually to have the ability to have their say at the meeting. Online voting maximises the number of possible of votes at the AGM, showcasing a more balanced opinion from your shareholder base.
With Lumi’s secure authentication protocols, it also means that only shareholders legally able to vote are allowed to have their say.