The unexpected Benefits of a Digital Economy
The current pandemic has proven how crucial digitisation is to future-proofing economies, businesses and regulators.
A recent article on Money Control looks at the impact India’s lockdown measures will have on shareholder meetings. Timely shareholder meetings are essential for many material aspects of business – and forgoing them could raise the threat of non-compliance.
Offering various digital ways for investors to engage with company management – such as virtual and video conferences, which have the go-ahead in the UK and US – would not only carry businesses through the current crisis, but could also provide better shareholder engagement in future.
In recent years regulator reforms including enabling e-voting, digital payments and introducing XBRL filing have moved public company governance from paper-based to digital-ready – and the current crisis shows just how important and useful these digitisation measures have been.
Further digitisation in the future won’t just make sure we are prepared for another global crisis. Moving from paper to data also means new technologies – like AI, machine learning and big data – can be used to their full potential. And, as for India’s shareholders seeking digital ways to communicate with companies, increased digitisation would also improve accuracy, usability and transparency.
Read the article here.