Date: 08 April 2006
The Solution
Computershare were able to utilize IML's expertise and technology to develop an interactive solution specifically tailored to meet with BA's annual meeting requirements.
The solution resulted in a simple and effective annual meeting service that afforded BA with a number of tangible benefits which included:
Automated registrationRegistrars used IML's automated system to scan delegate's bar-coded attendance slips on arrival, registering them in seconds.
Instant identification
All Shareholders were issued with personal Smartcards, automatically linking them to their voting rights.
Rapid results
All votes were immediately calculated by the system, avoiding time-consuming manual counts. Shareholders could see the outcome of a vote within seconds and reports were printed instantly, negating the need for BA to advertise results in the following day's broadsheets.
Accurate results
IML's system is fully compliant with the data protection act and is proven 100% accurate.
Detailed audit trail
A full audit trail of attendance and voting was made available as well as a live and proxy vote breakdown, enabling every part of the voting process to undergo detailed scrutiny.
Certainty
All results were made available on poll, rather than on 'show of hands', creating a far more democratic process and removing the need for contingency arrangements in the event a vote was lost.
Confidence
Once a vote had been received by the system, the Communicator keypad screen displayed a message confirming to the shareholder that their vote had been registered.
BA said:
"It is crucial for BA to demonstrate a pro-active approach to reform in order to highlight our unwavering commitment to living up to the expectations of our shareholders.
"I firmly believe that electronic voting is the future of annual meetings and will become standardized practice at all annual meetings, providing shareholders with a familiar format they can have complete confidence in."
Sarah Billington, Manager Shareholder Services.
News
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