The Virtual AGM Webcast was introduced to provide greater opportunity for candidates to get their name, face, and message out to the general public. The first major step forward in the governance practices of Virtual AGM is the incorporation of a written policy that clearly outlines the policies, procedures, and requirements of the AGM Live Polling, which should be available to the public and should include the minimum qualifications required for each member of the governance board.
This is a vital first step for Virtual AGM and provides candidates with a reference point for determining whether they will qualify for inclusion on the governance board. The policy should also outline the selection process for selecting the Board members, which includes having an opportunity for public input.
The second major step forward in the governance practices of Virtual AGM is the incorporation of a written code of conduct for the virtual meetings. This code should require all present attendees to adhere to a set of principles, which includes providing honest and open communication and providing clear, non-misleading presentations.
The same code should also outline the responsibilities of each participant, which includes developing and maintaining a record of the proceedings of the meeting as well as reporting any new developments in the governance of the Virtual AGM.
Having a Webcast allows the Virtual AGM to expand its presence to new members and potential members, as well as to boost communications between individuals who may be interested in learning more about the business opportunities available through the Virtual AGM.
Through a Webcast, people around the world can become familiar with the vision and mission of the company, as well as the business strategies that are put in place. Many corporate managers feel that a Webcast provides an easy way to explain the basic terms used in the Virtual AGM and to answer questions that a potential member may have.
There is no need to visit a corporate office for such meetings, which in itself, provides a great opportunity for the many benefits that a Virtual AGM Webcast has to offer.