The majority’s of Companies included Registry companies have put forward their arguments to Treasury consultation process; why the Corporation Act needs to be update to accept digital documentation and electronic signatures!
That part is not want I'm concerned about but it is being extrapolated to entrap shareholders who either aren’t on the Internet, due to lack of skills or like myself reluctant to partake due to security concerns!
They're aiming to be given the freedom to elect which format gives them greater advantage and to the T20 companies.
It appear that some of the current crop of registry companies cannot - more likely being complicit -to provide a service where voting on resolution are not displayed until either attendees/virtual participants have voted.
With the current tech capabilities being available, I don’t see any need for the board and management to to be kept up to date for incoming proxies by the registry’s company's. In the past it was simply for presentation purposes…and from my experience it is shown prior to voting as a subliminal influencer’s
By introducing such technology it would improve transparency and creditability to the resolution votes.
Where it was a hybrid AGM, attendees/virtual participants could vote on each resolution prior to it being displayed.
I'm of the opinion that even JIN board and Management would be reluctant to implement such technology on themselves.
I believe Computershare has the Tech capabilities to interact with live voting results and to display the total empirical results as a surprise package to both the shareholders, board and management..…even under current voting methodology the owners have to be confirmed prior to presenting them to the ASX.
It could be critical if the voting results are close..many shareholders may wish to send a message as a spill motion…but still hope the current group remain in place.
If I'm talking to shareholders who are tech savvy, normal saving are achieved thru the implementation of technology internally. without relying on customers to achieve savings.
The majority of companies are relying on deceiving the end user with a sale spiel about security and convenience etc.
Even thou security is actually a lagging indicator!
They don’t disclose that the company is using the end users technology at no cost to them to increase their profit margin. Then one must ask each shareholder, are they in the habit of taking on historical what used to be a business expense!
Why does each site have a disclaimer if it is such a secure technology!
When we even look back far as the Industrial Revolution, there has never been a technology that has exposed an individual to a any member existing on the planet , simply with the use of inexpensive technology and software.
With hindsight the analogue world was safer were a hacker who wished to spy relied on expensive equipment!
My main message is don’t let a tech company team take advantage of a poor third party provider to achieve their remuneration and rewards with a condoned dodgy setup!
JIN Price at posting:
$15.95 Sentiment: None Disclosure: Held
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