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General Meetings Management

Giving shareholders the opportunity to express their opinion on the company and its future is a critical component of effective corporate governance. Our General Meetings (GM) Management service helps you run your company’s GM in a professional and timely manner. Our platforms count and combine votes in real-time and can be used to efficiency and effectively validate the identify of shareholders.

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e-Voting

Shareholders can exercise their voting rights without attending a GM in person, through Edaa’s platforms. The Edaa e-voting service provides issuers with an integrated and efficient GM tool, covering the entire value-chain process. It facilitates seamless uploading of a comprehensive GM agenda, ensured shareholder notification, cumulative voting, voter monitoring, remote-vote casting, real-time vote collation, vote result analytics and more. The e-voting service is provided free of charge to listed companies, REITs, and CEF to increase shareholders’ participation in GMs and assist in attaining the minimum quorum levels required to conduct the GM in accordance with relevant rules and regulations.

We hope that the following will be taken into considerations regarding the agenda item related to external auditor appointment in e-voting for all listed companies, with the exception of banking and insurance companies:

  • In the event that one of the nominated auditors obtains an absolute majority of the shares represented in the meeting, the result of the item is considered approval, and the auditor who obtained that percentage is appointed (unless the company’s articles of association states a higher percentage).
  • In the event that none of the nominated auditors obtains an absolute majority of the shares represented in the meeting, the approval percentages obtained by the nominated auditors will be collected. If the total approval percentages obtained by them represents the percentage of the absolute majority of the shares represented in the meeting, the result of the item is considered approval, and appointing the auditor who got the highest percentage. If the total percentage of approval they obtained does not represent the percentage of the absolute majority of the shares represented in the meeting, the result of the item is considered disapproval (unless the company’s articles of association states a higher percentage).

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