Story image

The Instillery: Kiwi cloud company powers virtual shareholder meetings

31 Jul 2017

2012 was an exciting year for Kiwi companies. A law change came into effect meaning New Zealand companies are allowed to conduct annual meetings virtually.

And now, with a new sense of flexibility, the market is ready for alternative ways to hold shareholder meetings, whether it be by means of audio, visual and audio, or electronic communication.

Five years on, Link Market Services, a global financial services provider, has a new platform that allows users to hold both virtual (online) and hybrid (online, phone, and in-person voting participation) shareholder meetings.

The Instillery, a Kiwi cloud company, is helping Link Market Services move their clients’ shareholder meetings to the cloud, allowing investors to attend a shareholder meeting from anywhere in the world.

“The Instillery have delivered a scalable, robust, secure platform that we can run the virtual meetings from which allows us to roll out the product to clients that have 100 shareholders to those that have 1.2 million shareholders,” says Will Malan, head of client management and business information, Link Market Services.

New Zealand and Australian companies currently using the Link Market Services platform include Xero, Spark, A2 Corporation, Air New Zealand, Pacific Edge, Tourism Holdings and Z Energy.

The Instillery’s COO, Jamie Wallis, says The Instillery are thrilled to support Link Market Services and their clients by employing technology to offer a safe and reliable option to engage shareholders in a diverse range of ways.

“It’s been fantastic to work with Link Market Services on this innovation where we’ve once again been able to use technology to help challenge the traditional mindset.”

Wallis continues, “in this instance - how an AGM is run - by providing the architecture to host safe, secure and scalable hybrid and virtual meetings for Link Market Service clients - wherever they may be in the world, no matter their size.”

According to Link Market Services, Z Energy was the first company to host an Annual Shareholder Meeting using Link Market Services’ platform.

Shareholders were able to dial in and listen to the meeting, participate in asking questions, as well as submit their vote by pressing the options on their phone’s dial pad.

Shareholders who attended the Annual Meeting in person also had the option to use a smartphone app, LinkVote, to submit their voting instead of completing a poll card, claims Link Market Services.

85 people across New Zealand and Australia participated in the Annual Meeting, with 53 shareholders opting to use the online option, two chose the dial-in option, and 30 in person.

Yamaha unveils simplified UC deployments
"In this fast-paced world, meeting participants need to be able to feel comfortable and hear those on the far end clearly to brainstorm new ideas and accomplish goals."
French cloud giant sets up shop in two APAC data centres
OVH Infrastructure has expanded its public cloud services in the Asia Pacific (APAC) market operating from two data centres within the region.
Jobs of the future: Will humans outmatch AI co-workers
"Regardless of how the workforce changes, automation, data and algorithms will complement rather than replace human employees."
How IBM’s acquisition of Red Hat could impact your business
The acquisition is pending regulatory approval, but IBM expects the deal to close in the second half of 2019. 
SecOps: Clear opportunities for powerful collaboration
If there’s one thing security and IT ops professionals should do this year, the words ‘team up’ should be top priority.
Google doubles down on hybrid cloud strategy
CSP is a platform that aims to simplify building, running, and managing services both on-premise and in the cloud.
Why NSP adoption of ECX Fabric is on the rise
ECX Fabric aims to enable networks to streamline their access to the world’s largest cloud providers.
Cloud data warehouse trends and best practices
"TDWI sees a wide range of data-driven IT systems moving to the cloud aggressively, and this includes the data warehouse."