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What is an Online AGM?

An online annual general meeting (AGM) is a meeting held by a company or organization to present its annual report to its members, stakeholders, and the public. Traditionally, annual general meetings (AGMs) were held in person. However, the COVID-19 pandemic led many companies and organizations to switch to online AGMs. This change has been well- received and many have continued to hold online AGMs even after the pandemic subsided.

Online AGMs provide a convenient and safe way for members to participate in the meeting, as they can attend from anywhere with an internet connection. They also offer the opportunity for greater participation, as members who might not have been able to attend an in-person AGM due to distance or other constraints can now participate virtually.

During an online AGM, members and stakeholders are typically provided with a link to a web-based platform where the meeting can be accessed. The AGM is then held in real-time, with the company or organization presenting its annual report and other relevant information, such as financial statements and plans for the future. Members and stakeholders may also have the opportunity to ask questions and provide feedback.

Online AGMs are becoming increasingly popular as they provide a convenient and efficient way for companies and organizations to communicate with their members and stakeholders. However, companies and organizations need to ensure that their online AGMs are secure and that all participants can participate fully and engage in the meeting.

As the dominant player in the AGM technology industry, Lumi has a strong presence in 12 countries across Europe, APAC, the Middle East, Africa, and the Americas. Headquartered in the UK, the company also has central functions such as finance, product development, and marketing located there.