How much money can companies save at general meetings?
Introduction
Virtual general meetings (AGM) are revolutionizing the way companies involve their shareholders. They are more efficient, more flexible and, above all, more cost-effective. At a time when companies are looking to reduce costs and become more digital at the same time, virtual AGMs are the ideal solution. But how big are the savings potentials really? Here is an overview.
Table of contents
- Cost savings in comparison
- What costs are not incurred?
- Additional advantages of virtual GMs
- Conclusion
Cost savings in comparison
A look at the figures shows the enormous savings potential:
- AGM with 150 shareholders: A traditional AGM costs around CHF 102,100, while a virtual AGM costs just CHF 22,200. This means a cost reduction of an impressive 78%.
- AGM with 500 shareholders: Physical costs amount to around CHF 202,800, while the virtual version costs just CHF 25,700. The savings therefore amount to a whopping 87%.
This difference shows that virtual general meetings are not just an alternative, but a clear cost advantage.
What costs are not incurred?
The greatest savings result from the elimination of numerous "traditional" cost factors:
Infrastructure and logistics
- No room or hall rental
- No need for furniture and decoration
- Less technology for video and audio transmissions on site
Catering and support
- No catering for shareholders
- Fewer staff for admission checks and support
- No ambulance or emergency personnel costs
Travel expenses
- Elimination of travel expenses for shareholders, members of the Board of Directors and employees
Technology and coordination
- No rental of televoting devices
- Automated processes reduce personnel costs for coordination
Additional advantages of virtual GMs
In addition to the financial savings, virtual general meetings offer further decisive advantages:
- Time saving: Processes such as invitations, voting and logging are automated and efficient.
- Increased participation: Barrier-free, location-independent participation promotes greater shareholder involvement.
- Legal security Platforms such as Konsento meet all legal requirements and guarantee secure processing.
Conclusion: Virtual GMs as a cost-saving solution
With virtual general meetings, companies save up to 87% of the costsincrease their efficiency and enable more flexible participation for shareholders. Konsento has already proven at over 130 general meetings that digital solutions are not only cost-effective, but also reliable and effective.
The future of general meetings is digital. Companies that rely on virtual AGMs benefit from massive savings and at the same time position themselves as innovative pioneers.
Find out more now in a no-obligation consultation.hhow much your next general meeting could cost - or rather: how little!
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