The Costs of Virtual Annual General Meetings: Training and communication

Virtual Annual General Meetings (AGMs) offer many benefits, including increased flexibility and convenience, but it's important to understand the potential hidden costs associated with these types of meetings. One such cost is training and communication, which is essential for ensuring the success of virtual AGMs.

Providing training and clear communication to attendees on virtual meeting technology is crucial for ensuring that attendees are comfortable with it and understand how to use it effectively. This includes providing instructions on how to join the meeting, how to participate in polls and Q&A sessions, and how to use any other features available.

This training and communication can add to the overall cost of virtual AGMs, as businesses need to budget for the necessary resources, such as instructional materials and training sessions. Additionally, businesses may need to hire technical support staff or a managed service provider to provide training and support to attendees.

Furthermore, clear communication is also important for ensuring that attendees have a positive experience during the virtual AGM. This includes providing timely updates and reminders on the meeting schedule, the agenda, and any changes to the technology or platform used.

In conclusion, while virtual AGMs offer many benefits, it's important to be aware of the potential cost of training and communication. Providing clear instructions and training for attendees on the use of virtual meeting technology and effective communication during the meeting is essential for ensuring a positive experience for attendees and the success of virtual AGMs. Whether you're a business owner, an event organizer, or an AGM attendee, understanding the importance of training and communication and budgeting accordingly is key to making informed decisions about virtual AGMs.