What Raiffeisen says about Nimbus11. March 2021
Nimbus supports Annual General Meeting Raiffeisen Schweiz18. March 2021
Hybrid Annual General Meetings with Direct Voting in Switzerland
Revised Swiss company law to allow hybrid Annual General Meetings and direct voting
Shareholders can also vote digitally in future
The revision of Swiss company law creates the legal framework for organizing virtual or hybrid General Assemblies. Companies will be able to provide their shareholders with direct voting options, and allow them to communicate their wishes digitally. Nimbus Direct Voting extends the NIMBUS Solutions Suite and offers companies a secure and smart direct voting system.
Hybrid AGM to be permitted if provided for in Articles of Incorporation
The provisions of the revised company law will allow companies to carry out virtual or hybrid Annual General Meetings in future. However, this event type must be provided for in their Articles of Incorporation. Existing companies may therefore have to adopt an amendment to their Articles of Incorporation in a conventional AGM.
Technological conditions for direct voting
The legislator does not specify which electronic means can be used to conduct a hybrid Annual General Meeting. In order to preserve legal certainty, however,
- the participants’ identity must be clearly ascertainable,
- all attendees must be able to submit motions and participate in discussions,
- the votes must be directly transmittable and the voting results must be unalterable.
NIMBUS Direct Voting: the subsystem to the NIMBUS Solutions Suite for holding virtual Annual General Meetings
With NIMBUS Direct Voting, we are offering companies a tool that meets all the requirements of a professional and legally compliant implementation of virtual or hybrid Annual General Meetings in accordance with the new company law.
With our NIMBUS Direct Voting addition, companies can fully customize the statutory part of their Annual General Meeting:
- Prior postal voting
- Prior remote voting by proxies using the NIMBUS ShApp web platform
- Physical event at one or more sites with real-time voting using NIMBUS VS (voting unit)
- Digital real-time web voting using NIMBUS Direct Voting
State-of-the-art technology made in Switzerland – secure, integrated, proven
NIMBUS Solutions Suite – including NIMBUS Direct Voting – was developed in Switzerland by Nimbus AG. All systems meet the highest security standards, have a redundant design and are located in Switzerland. Your data is therefore perfectly protected and subject exclusively to Swiss law.