Shareholder General Meeting

Shareholder General Meeting

In any functional company, general meetings are assumed vital tools that ensures effective running of all operations as well as functions. Typically, the directors normally carry out day-to-day activities during every board meetings. In addition, sometimes the directors require meetings with the shareholders to gain approval regarding certain actions or functions. In all public companies, such an action is normally carried out during any general meetings where the shareholders normally cast their vote to approve or disapprove either as a proxy or in person[1]. On the other hand, members usually pass their resolutions in the case of private companies. It is important to note that both general meetings as well as annual general meetings are normally held for the purposes of transacting certain business functions or businesses that is reserved by the constitution however, as far as members are concerned.

Today, companies live in an era where there is unparalleled digital disruption due to the massive growth in technology and technological devices. This has resulted to changes that are technologically driven, with innovation that is huge as well as significant evolution in how companies’ shareholders or board of directors is holding their meetings. It is therefore, an era of dynamic disruption to the traditional way of doing things as well as to companies’ strategies. The change is still happening although, in the absence of legal restrictions in regards to the extent, which companies should be allowed use technology especially during crucial meetings. Therefore, the important issue is whether the proposed legal restrictions by either governments or companies will enhance social progress of commercial leadership.

However, there are a few aspects of technology that tend to be open for legal challenges such as the fact that digital leadership is said to require some amounts of bias for action.

Despite the fact that technology seems to bring myriads of opportunities to companies, their value tends to dissipate quickly if not captured quickly or managed and controlled effectively. For this reason, companies are more likely to face challenges when it comes to mobilizing rapid decision-making processes and taking swift actions in regards to technology use during crucial meetings. This is because data is not always reliable and sometimes, there may be data problems that could lead to disruptions of crucial company or legal meetings. Moreover, it is important to note that currently, there are many companies, which are undergoing the transformational process in regards to using teleconferencing. However, the aspects of company’s by-laws are a great determinant as to whether most companies are to wholly embrace technology[2].

This essentially means that legal constraints may be present in some company’s legislations that are likely to bar a company from conducting meetings through electronic means. Additionally, various companies normally require special resolutions from the board or a special language in order to communicate technologically during crucial meetings. This is mainly emphasized since there is a possibility of technological irregularities in cases where members are in voting sessions. However, it is crucial to note that technological penetration in the process of easing company meetings needs to be regulated legally. This is may be accomplished by way of measuring the prevalence of software piracy as well as the extent of intellectual protection of property rights, the independence and efficiency of judiciary as well as the overall regulatory quality[3]

Bibliography

Ohnabe, Hisaichi, and D M. Collins. Selected Papers from the Japanese Conference on the Advancement of Assistive and Rehabilitation Technology: 23rd Jcaart 2008, Niigata. IOS P, 2011.

[1] Ohnabe, Hisaichi, and D M. Collins. Selected Papers from the Japanese Conference on the Advancement of Assistive and Rehabilitation Technology: 23rd Jcaart 2008, Niigata. IOS P, 2011

[2] Ohnabe, Hisaichi, and D M. Collins. Selected Papers from the Japanese Conference on the Advancement of Assistive and Rehabilitation Technology: 23rd Jcaart 2008, Niigata. IOS P, 2011

[3] Ohnabe, Hisaichi, and D M. Collins. Selected Papers from the Japanese Conference on the Advancement of Assistive and Rehabilitation Technology: 23rd Jcaart 2008, Niigata. IOS P, 2011

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