A Digital-First Mindset is Now Required

A Digital-First Mindset is Now Required

Organizations Must Adapt to the Need for Remote Decision-Making and Holding Annual General Meetings During and After the COVID-19 Crisis
The Annual General Meeting (AGM) season is fast-approaching and with the outbreak of the Coronavirus (COVID-19), it has left many companies wondering how to approach their upcoming AGMs and asking questions like:
How do we make this 100% virtual and safe for our shareholders?
How do we meet our legal obligation to ensure we’re compliant of bylaws?
How can we make this digital transition as painless as possible and ensure we can trust the platform that we choose?
How do we make this 100% inclusive and accessible if it’s online?
How do we do this quickly and without a large investment?

Leadership is now required to change their approach to the digital frontier, and now more than ever people need the right tools, platforms, and safe environments to make high-quality collective decisions about many things that remain uncertain.

Due to the growing travel concerns and social distancing requirements in place for most of the globe, physical in-person meetings for AGMs cannot happen. Regulating authorities have issued guidelines and measures to deal with the COVID-19 crisis and now companies must seek the right technologies to address these concerns.

THE ANSWER:  DIGITAL ANNUAL GENERAL MEETINGS (AGMs)

Swae’s team has responded quickly to this need by creating a Digital Annual General Meetings (AGMs) product that provides a safe, secure, accurate, and transparent environment allowing every critical shareholder to attend.

The major advantages of holding a virtual AGM:

  1. Every shareholder gets a voice in a safe and secure environment
  2. Companies can say goodbye to paper
  3. The transparent nature of the digital AGM allows for a more inclusive meeting and more stakeholders to have a voice
  4. Allows for an online voting system with data received in real-time
  5. During a time of any crisis, all persons involved can participate from the safety of their own homes
COMING YOUR WAY MAY 2020

Launching Swae for Digital Annual General Meetings

Thankfully, virtual meetings have been increasing in popularity and growing numbers of companies and organizations have adopted this online-only or online-hybrid method of communicating with their stakeholders or shareholders.

In recent years, high-profile companies such as Comcast, Intel, Starbucks, Paypal, and Hewlett Packard having held virtual-only AGMs. Even Lululemon (NASDAQ: LULU), a Delaware company based in Vancouver, conducted its AGM completely virtually, leading to local media coverage and a debate over the use of virtual AGMs.

Given the time we live in, we expect to see similar acceptance of the online forum among most Canadian companies and organizations.

Making the switch after years of traditional annual meetings doesn’t need to be stress-inducing, but involves a change of mindset, adoption of new technologies and processes.

Making the switch with Swae’s new digital AGM product can make it easier than one would imagine.

BE THE FIRST TO BE NOTIFIED WHEN SWAE’S DIGITAL AGM PRODUCT IS AVAILABLE! 
(AVAILABLE MAY 2020)

Swae Selected Amongst Elite Startups to Win the Walton Family SCALE Challenge

Swae Selected Amongst Elite Startups to Win the Walton Family SCALE Challenge

Judges Selected Swae as one of 25 winners (amongst hundreds of applicants) competing for the Walton Family Foundation and The Center for Advancing Innovation’s 2020 Scale Challenge

swae-wins-scale-challenge

Last week, Swae was selected as one of 25 winners of The Center for Advancing Innovation (CAI) International SCALE — Supply Chain and Logistics Enterprises — Challenge

Supported by a grant from the Walton Family Foundation, SCALE is an open innovation contest to innovate the supply chain and logistics industry sector by launching 20+ high-tech startups advancing breakthrough inventions in advanced materials, artificial intelligence (AI), autonomous vehicles, drones, robotics, 3D printing, machine learning, augmented reality and virtual reality. CAI and a 15-member committee of industry experts and investors selected the 25 inventions amongst several hundred applicants.

The SCALE Challenge was orchestrated by CAI, a 501(c)3 non-profit that launched 300+ startups since 2014. CAI partners with 120+ research institutes — including the National Institutes of Health, NASA, universities, and hospitals that cumulatively have more than 175,000 inventions combined.

The category of the win was in Innovation Excellence, and Swae was amongst other startups like Demeter (automated disease detection in crops using drones and deep learning), AmorSui (smart antimicrobial workwear to help hospitals prevent infections using IoT enabled garments), and many more startups that could be absolute game-changers in the world.

“We’re thrilled to be selected amongst 25 other resilient founders, who are not letting COVID-19 or other existential issues detract them from bringing their solutions to the world. We feel really fortunate to have benefitted from this challenge and the high-quality programming and stewardship provided by Rosemarie Truman and Codie Locke from the CAI. Without them, such realities would not exist and startups like us would certainly not get these kinds of transformative opportunities,” says CEO, Soushiant Zanganehpour.

CEO, Soushiant Zanganehpour

Swae

Swae is not specifically meant to disrupt supply chains necessarily, but the impact that our solutions have on larger organizational decision making are transformative. The possibility of bringing Swae’s solutions to an organization like Walmart can have unknown positive impacts and can be remarkable use cases for us and them.

“While SCALE is the largest challenge CAI has ever orchestrated, the Challenge is a first of a kind in two important dimensions. First, it’s one where CAI systematically joined high-tech startup teams with entrepreneurs to cultivate the ‘art spirit.’ Second, SCALE represents the most significant challenge to disrupt supply chains across multiple dimensions, the food supply chain, fashion supply chain and more.” 

Rosemarie Truman, Founder and CEO

Center for Advancing Innovation

Winners of the challenge are put forward to pitch to a hand-selected group of investors for early-stage funding at an exclusive, invite-only Investor Forum, planned for September 2020.

To learn more about the SCALE challenge, please click here. To see the list of winners including Swae and the other elite, gamechanger startups, please click here.

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CURIOUS AS TO HOW SWAE IS CHANGING HOW THE WORLD WORKS? BE THE FIRST TO BE NOTIFIED, GET ON OUR LIST! 

Swae & MSF Canada Renew Partnership to Launch First Digital AGM

Swae & MSF Canada Renew Partnership to Launch First Digital AGM

Swae helps Médecins Sans Frontières/Doctors Without Borders Canada rapidly adapt to remote decision-making by digitizing their AGM during the Covid-19 Crisis

The COVID-19 Crisis is requiring companies and their leaders to rethink and prioritize their digital infrastructure and speed up plans for digitization. The need to empower internal and external stakeholder collaboration and communication in a virtual environment is likely here to stay. From team coordination, alignment, consensus building, strategic formation, governance and policy-making, our physical decision-making processes need to adapt to a world where much more must happen online.

To answer to evolving market demands, Swae has developed a suite of new products to serve the remote and digital-first reality. Swae’s new products build off the existing core technology platform to further enhance safe, secure, and easy-to-implement online-only methods of communicating and collaborating. These new products include Digital Policy Making, <, and Remote Team Decision-Making tools While we have had many clients use Swae’s core platform so far, including Etihad Airways, The Ministry of Innovation and Labour at the City of Juarez, Mexico, and Bosch, the digital AGM version of Swae is a first use case for Doctors Without Borders/Médecins Sans Frontières (MSF) who will utilize it to for their upcoming virtual Motions and Recommendations General Assembly in June 2020.

In 2019, Médecins Sans Frontières/Doctors Without Borders initially partnered with Swae to hold a more digitally friendly, inclusive, and efficient motions and recommendations review process using the first version of Swae’s platform. In light of the Covid-19 crisis and building off of last year’s positive experience, earlier this year the Canadian section of MSF renewed the partnership and contract with Swae to create MSF’s first virtual Motions and Recommendations General Assembly in 2020 using Swae’s new Digital AGM product (in combination with other governance tools at their disposal such as videoconferencing, website, etc.).

Swae’s Digital Annual General Meetings (AGMs) product creates a more safe, secure, accurate, and transparent environment allowing every shareholder to attend.

“Given the implications of the COVID-19 global crisis, now, more than ever, people need the right tools, platforms, and safe environments to make high-quality collective decisions about a lot of things that remain uncertain. We’re proud to renew our relationship with MSF to pilot our latest product — Swae for AGMs. This product helps organizations create a more inclusive decision-making process, create more transparency, and develop healthy competition for the best solutions. Never has it been more important to ease the tensions and make decisions with utmost buy-in,” said Soushiant Zanganehpour, CEO, Swae

“We’re very excited to be working with Swae again. This year our AGA will be hosted online and Swae’s platform will ensure that despite the challenges of COVID19, our motions process can go forward smoothly and the voices of our members will continue to be heard,”

Anne Connelly, Board Member
Motions and Recommendations Committee, MSF Canada.

Swae-MSF

How Swae can help your organization make the switch?

Making the switch after years of traditional annual meetings doesn’t need to be stress-inducing, but involves a change of mindset, adoption of new technologies and processes Making the switch with Swae’s new digital AGM product can make it easier than one would imagine. Take a look through our latest resources to help you make a decision:

Digital AGM Overview Deck: https://docsend.com/view/yrpr5fvxs5uc6v4c
Public Launch Date: May 15, 2020
For more information regarding Swae and the Digital AGM use cases, please contact a Swae specialist here

Adapt Chile announces Swae partnership to transform Chilean Climate Change Law

Adapt Chile announces Swae partnership to transform Chilean Climate Change Law

Announcement

We are proud to announce that from June 2019 through August 2019, Swae’s platform will be leveraged for an important Digital Consultation process engaging the Chilean Network of Municipalities (ChNM) on 6 new pillars of Chilean Climate Change Law. Through a first-of-its-kind initiative, mayors from more than 50 different municipalities across Chile will have the opportunity to provide feedback and further develop Chilean Climate Change Law and engage local civic leaders in policy creation.

This is a collaborative initiative between SwaeAdapt-Chile, a leading national and international NGO promoting comprehensive actions to encourage climate adaptation policies and strengthening local responses to climate change, and COCOA (‘Crowd Collaboration for Climate Adaptation’), an innovation-driven organization advocating on the use of digital technology to encourage climate action and collaboration towards the achievement of Sustainable Development Goals (SDGs).

Deployment and Potential Impact

The initiative is aimed to improve the governance of subnational governments grouped in the municipality RedMuniCC (Red Chilena de Municipios ante el Cambio Climático) and support the RedMuniCC to collectively create shared positioning about the forthcoming Climate Change Law (CCL). This shared positioning will create an important precedent on how representatives at different levels of the government can contribute to collectively generate inclusive laws in a bottom-up manner. Allowing for open feedback and commenting, as well as fostering debate on the merits of each pillar, the initiative has been designed and set up to enable voices that would not always be heard and channel that feedback safely into more inclusive policy.

“Swae offers the possibility of bringing together representatives at different geographic locations. Moreover, Swae helps by supporting the collective, transparent, and anonymous discussion of CCL-related ideas among all representatives.”

– Dr. Iván S. Razo-Zapata, COCOA Collaborative Innovation BV

A driving purpose of this experiment is to generate an official positioning for the Chilean Climate Change Law. It also helps promote collective contributions to climate-related regulations in a bottom-up manner. Finally, this initiative can improve collective decision-making processes within RedMuniCC.

Looking Forward

In order for the consultation to be officially integrated as evidence into the Climate Change Law policy creation process, more than 50% of the members of the municipality must participate. As of early August, we are a few municipalities shy of achieving this important milestone and are optimistic we will surpass the required threshold.

By leveraging Swae, those participating in the pilot aim to hone and adapt Chilean Climate Change Law, enabling the conditions for more holistic bottom-up policy creation and development. We believe these sorts of innovative approaches are paramount to the government’s ability to design a policy that works for all stakeholders across marginalized and far-reaching geographic regions.

Swae, The Future of Organizations, Decision-Making, and Governance

Swae, The Future of Organizations, Decision-Making, and Governance

The Problem

For the past ~3 years, I’ve grown evermore frustrated by the lack of voice or meaningful influence normal people seem to have in the big decisions institutions and organizations make that significantly impact our lives. Simply voting for candidates or filling out engagement surveys at work feels inconsequential, futile, and, well, insulting. These ‘participation’ options don’t seem to influence the dull, unoriginal, and incomplete solutions most leaders tend to develop in response to the uniquely complex business and social challenges of today’s world. They don’t help prevent abuse of power or keep leaders accountable to their promises. Instead, they provide us a false sense of agency. As consumers, we have so much influence over our life choices, but as employees or citizens, we have so little say in much more important decisions. So, why are these our only participation options?

Our modern day decision-making model is broken.

The root of this problem boils down to our organizational paradigm — how we make decisions and organize ourselves in society. Our modern day decision-making model is broken. It’s outdated, too centralized, too efficiency-obsessed (think factories and conveyor belts of the 19th century industrial era, when this decision-making model reigned supreme), too exclusionary; over-relying on hierarchies, representation, and delegated authority, andconfining stakeholders to strict parameters for participation based on status or function, when we live in a world where ideas, expertise, and genius are distributed and directly accessible through technologies and protocols.

As we move from crisis-to-crisis in our political systems — see first-hand the limitations of many democratic institutions to govern effectively and anticipate challenges — or witness the uninspiringunethical, and poor decisions made by leaders in large incumbent companies about how best to navigate complexity, we see how unfit our decision-making model is in today’s world.

 

What We Believe

About 2 years ago, I began exploring alternative decision-making models from today’s status-quo, to see how we can “upgrade” decision-making in organizations (both companies and democratic institutions)— consequently upgrading governance. I attended Singularity University’s Global Solutions Program to learn more about the problem and build a solution.

During my research, first-hand customer discovery and experience at SU, I became convinced that we’re in the middle of an irreversible social and cultural transformation, accelerated by new technologies and unreasonable entrepreneurs. We are transitioning from one strong set of operating assumptions about how to manage society, to a new, upgraded set. The transition we are undergoing will redefine how we organize institutions, how we create new companies, who has a voice, what’s an acceptable social-contract. But the path is murky.

Source: Frank Diana, Tata Consultancy Services

The combination of increased computing power, the rise of blockchain technology, demographic and cultural changes has made the idea of designing alternative organizational decision-making structures and governance models that are different from today’s status quo — models that are more participatorymore intelligent, less corruptible, less costly — a real possibility.

These are still the early days but the trajectory is clear.

What We’re Building

Inspired by the pace of change, last year, I started a company to re-image organizational decision-making and build the operating system for future organizations. Our first product is Swae, an intelligent decision-making platform combining anonymity, artificial intelligence, and collective intelligence, to help organizations unleash the creativity of their stakeholders and make better quality decisions. Using Swae, individuals within organizations create great proposals anonymously with support of AI, then improve the quality of those proposals with crowd input. Proposals are debated on their merits, collectively evolved, and voted on. The proposals that receive the highest engagement (positive or negative) automatically percolate upwards to a decision (by management or the collective).

By providing the right mix of technology and process, Swae helps organizations efficiently tap into the wisdom of their stakeholders without reinventing the entire organizational structure. Swae’s process circumvents the blockages associated with traditional hierarchical organizational structures (cognitive bias, disengagement, fear of lost status and internal politics suffocating the expression of new ideas, etc.), to provide a more direct, transparent, and efficient pathway for ideas to go from the bottom to access management support. This helps decision-makers gather a greater level of truthful input, arguments, and data points to improve products, services, strategy and business models, without creating a tremendous burden of added work for management.

Swae intends to upgrade decision-making first in companies, then communities, then cities.

Bitnami