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    • Quartz™ - The Smart Ledgers™
    • Solutions

    Quartz Meeting Services

    Boost shareholder turnout with fully automated, accessible, and auditable annual general meetings

    Let’s talk

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    Industry

    Capital Markets This will open an overlay

    Unlocking Exponential Future Growth in Capital Market Firms

    Capital market firms must build trust through purpose-driven and innovative models to weather disruptions and ensure adaptability and shock-proof growth.
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     about Unlocking Exponential Future Growth in Capital Market Firms
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    Solution

    Quartz™ - The Smart Ledgers™ This will open an overlay

    Quartz™: Creating collaborative ecosystems using resilient technology

    Discover the transformative power of TCS' Quartz™ Smart Solutions that empower clients to build blockchain-based solutions and see tangible, real-world results.
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     about Quartz™: Creating collaborative ecosystems using resilient technology
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    Learn how Quartz for Crypto Services, an integrated and secure solution for custody and transaction processing, can help FIs streamline crypto asset management.
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    10 Jan 2025

    Highlights

    • Legacy infrastructure, processes, and the reliance on in-person presence make AGMs and voting events time consuming and tend to result in low shareholder turnout and the lack of visibility and control in corporate compliance.
    • The General Meeting Services solution from Quartz provides a real-time digital view of such events to shareholders across geographies while automating the operational processes end-to-end.
    • The meeting results are cryptographically stored on the blockchain ensuring that it is tamperproof thereby enabling transparency and immutability, boosting investor confidence, and meeting regulatory requirements.

    In this article

    Abstract   inpage
    Challenge   inpage
    Solution   inpage
    Benefits   inpage
    Abstract inpage
    Challenge inpage
    Solution inpage
    Benefits inpage
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    In this articleinpage
    Go to top
    Abstract Challenge Solution Benefits

    Abstract

    The pandemic magnified the critical need for a robust digital infrastructure for shareholder meetings, and the adoption to online meetings is an opportunity to create a paradigm shift in this space.

    A Distributed Ledger Technology (DLT)-powered solution also enables transparency and immutability, boosting investor confidence and meeting regulatory requirements. The resolutions proposed and the voting results are cryptographically stored on the distributed ledger ensuring that they are tamper-proof. The ecosystem supports investors participating across geographies, eliminating the logistical challenges, and reducing the efforts in collecting votes. Computation of voting results can be conducted immediately, and the results can be announced within a shorter timeframe.

    Challenge

    The traditional world of general meetings (AGMs) has for long been challenged with ensuring sufficient investor participation and transparency.

    There are significant manual interventions leading to delayed and costly processes. The physical ballot voting process leads to delayed result announcements.

    Solution

    The General Meeting Services from Quartz is a cloud-ready, Distributed Ledger Technology (DLT)-powered virtual meeting solution.

    The solution streamlines AGMs by introducing automation right from the setup to collection and consolidation of votes to real-time computation and dissemination of voting results upon closure.

    Benefits

    • The solution enhances investor participation by supporting across geographies by eliminating logistical challenges.

    • The real-time view of voting status, results, and resolution data for the participants ensures greater transparency.

    • The tamperproof ledger ensures the sanctity of votes cast and audit trail for end-to-end tracking of changes to voting and resolution data.

    • Data confidentiality as each node/firm has access to clauses/sections relevant for them which is essential in meeting service events. 

    • Administration and monitoring of the ecosystem through the command center.

    • Quick voting computation helps in timely result announcements.

    Related reading

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