Holding a Virtual Meeting for Your Shareholders Is Good for Business in SLC

by | May 20, 2022 | Financial Service

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Holding a Virtual Meeting for Your Shareholders Is Good for Business in SLC

In today’s busy world, it can be very difficult to gather all interested shareholders into one physical meeting. This is especially true since many companies are global in nature. However, with the advent of so much technology comes the possibility of having a virtual shareholder meeting. There are many benefits to doing so.

Cost Effective

For larger corporations, the cost to have in-person meetings can easily exceed $100,00. When you factor in such expenses as hotel rooms, meeting site rental, food & drinks, as well as many other costs, it can be a financial burden. However, when you hold a virtual meeting, the cost is negligible. This is because all that is really needed is enough bandwidth to accommodate a mass of people all trying to stream the meeting at the same time.

Ease Of Access

Since the meeting is done on a virtual platform, each investor is able to attend the meeting, no matter where in the world they reside or how wealthy they might be. This makes investor participation as fair as it possibly can be.

Increased Participation

Investors have different questions and concerns depending on their level of financial investment. Instead of only getting the viewpoints of those who can afford to show up to in-person meetings, you can get the viewpoint of a wide swath of investors due to the use of a virtual shareholder meeting.

If you are interested in learning more about having virtual meetings for your shareholders, please contact Colonial Stock Transfer at https://www.colonialstock.com/.

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