FAQs Utah Residents Ask Regarding Virtual Shareholder Meetings

by | Dec 2, 2022 | Financial Services

Today, technology brings people together worldwide, and virtual meetings have become more normalized since 2020, including virtual shareholder meetings. For those recently invited to one of these meetings, here are some answers to the most frequently asked questions.

What Is This Type of Meeting?

This yearly meeting is where public businesses invite their shareholders to join them remotely to ask questions about the company, stock performance, and more. It follows the same format as an in-person meeting but allows more shareholders to attend because it’s more convenient.

What Equipment Is Needed?

First, invitees need an invitation to the platform the company chooses to host the meeting, such as Zoom, Microsoft meetings, Google Meet-up, etc. Then, all they need to join the meeting is their computer or smartphone and a reliable internet connection.

When Will the Invite Be Sent?

The law requires that all shareholders receive information about the meeting by ten days before it’s scheduled. The information received will contain the date, time, and location of the meeting. The notice should contain information about how to attend virtually for virtual meetings. Shareholders who have questions about the virtual process for the companies they own stock in should reach out to these companies for more information.

How to Get Started with Virtual Shareholder Meetings?

For companies interested in hosting a virtual meeting, it’s important to have the best technology for a successful meeting. To get started, reach out to Colonial Stock Transfer at https://www.colonialstock.com/ for more information.

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