Online voting at annual shareholder meetings (AGMs) has jumped since the coronavirus outbreak as investors shun large gatherings because of travel restrictions or fear of infection, Swiss tech firm Sherpany said.
The company, which counts Swiss giants Novartis, Nestle and Zurich Insurance among its 300 clients worldwide, provides a secure internet platform which lets shareholders vote on motions until the day before AGMs.
“We have had a big increase in usage so far, and the AGM season is only just beginning,” Sherpany Chief Executive Tobias Haeckermann told Reuters.
“At this year’s Novartis AGM, we saw the amount of votes being sent through our system increase by 42 percent compared to last year,” said Haeckermann, one of three founders of the company set up in 2011.
“We don’t know if coronavirus is the only factor behind this, but it is helping.”
Voting via secure online platforms is becoming increasingly popular, with