STACS featured on Business Time — Adapting to a new virtual reality
THIS WEEK’S TOPIC:
Should annual general meetings (AGMs) go virtual even post-pandemic? What’s needed to ensure that virtual AGMs uphold the spirit of shareholder engagement and corporate transparency?
Below is our Managing Director’s, Jay Ng’s, contribution to Views from the Top in the Business Times:
Restrictions on mass gathering and working from home as a result of COVI-19 have thrown the spotlight on the importance of the use of technology. Without technology, we will not be able to work from home or to conduct meetings virtually.
The same goes for AGMs which listed companies must hold to get shareholders’ approval on the resolutions. Technology will enable AGMs to go virtual and also uphold the spirit of shareholders engagement. Shareholders can interact with the management virtually and corporate transparency will not be compromised.
Technology will definitely play an important part in transforming businesses technology to transform the finance sector. As such, customers can do transactions efficiently, remotely and securely without the need to maintain physical presence.
STACS is a Singapore fintech development company focusing on the digital transformation of the financial industry. Today, our clients and partners such as stock exchanges, banks, asset management firms etc are using our proprietary Securities Trading Asset Clearing and Settlement (STACS) Blockchain for various use cases while working together with their ecosystem participants to enjoy efficiency savings in operations and to create new revenue streams.
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