Azeus Systems sees growing demand for e-AGM solution

Company is cautiously optimistic as the spread of Covid-19 has forced many firms to hold virtual annual general meetings.

Published Sun, Jul 26, 2020 · 09:50 PM

Covid-19

MAINBOARD-LISTED IT solutions and products provider Azeus Systems Holdings has seen encouraging take-up of its electronic annual general meeting (e-AGM) solution.

Launched in May, the e-AGM product was deployed for some 60 customers in Singapore - mostly listed companies - in June alone.

Many companies were forced to hold virtual AGMs last month after physical meeting restrictions were introduced to curb the spread of Covid-19. And such meetings might soon catch on permanently. The Accounting and Corporate Regulatory Authority has opened a public consultation on proposed amendments to the Companies Act, including changes to facilitate digital meetings.

Azeus's executive director Michael Yap, however, preferred to restrain his optimism a…