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)

Our Response to Covid-19: Announcing Swae Public

Our Response to Covid-19: Announcing Swae Public

Helping Teams, Organizations, and Governments Adapt to Digital Decision-Making

TLDR: Swae is launching a publicly accessible version of Swae to empower Teams, Organizations, and Governments to rapidly adapt to digital and remote decision-making during and after the coronavirus crisis

If there was ever a time for Swae, it’s now.

The Covid-19 Crisis is a watershed moment for reorganizing society to embrace a remote and digital-first reality. While most institutions have been unprepared to work and make decisions remotely, adapting decision-making process to embrace this remote reality is vital to the world’s progress at government and organizational levels. Almost every decision is one we’ve never faced before, and the need for inclusion, transparency, competition for the best solutions, and quality data and arguments has never been more important.

To help teams, companies, and governments adapt accordingly, over the next 4 weeks Swae will be launching a public open version of the platform that allows any organization or local government that is finding the ability to make collective decisions during this time quite difficult, to sign up and launch their own Swae environments.

Swae’s platform works a lot like Slack, which most teams and companies are already comfortable with, and enables them to make collective decisions over the internet quickly, conveniently, and safely.

Use cases include 1) digital annual general meetings, 2) remote team decision-making, and, 3) digital policy making and governance, and many more.

Background

As the situation with Coronavirus (Covid-19) unfolds daily, we incrementally accept that this pandemic isn’t going away anytime soon and will have very long term consequences. While experts ponder the full extent of the implications, one thing is for certain: Covid-19 has created a watershed moment for remote work and digital alternatives to physical meetings.

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. Remote work, remote collaboration, and remote and digital decision-making is here to stay and we must adapt our teams, companies, and governments accordingly.

Earlier in March 2020, British Columbia’s Premier, The Honorable John Horgan, discussed how badly they needed digital alternatives to a physical parliament convening, so that the policy makers could exchange a healthy debate about possible legislation the government was considering to enact into law. I imagine this is the case all around the world, where every government needs to ratify certain decisions into legislation and requires the benefits of healthy deliberation to identify and address any inherent biases or unintended consequences to make the best possible programs, policies, and solutions under the circumstances.

There are many actions that require digital alternatives that can work just as well as an in-person reality which includes;

  1. team alignment, collaboration, brainstorming, and decision-making,
  2. citizen inclusion in the policy design process,
  3. stakeholder inclusion in data gathering and solution formation for executive policy and strategy decisions, 
  4. digitizing annual general meetings.

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.

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 are having to make decisions around topics that we’ve never had to face previously. Decisions such as possible changes to mortgage laws, employment insurance, rental vacations, policies at work around compensation, benefits and entitlements for small businesses, public policy about self-isolation, the border, etc.

The need for inclusion, transparency, a competition for the best solutions that includes high quality data, input, and arguments/perspectives has never been more important to ease the tensions and move forward with legitimacy.

The need for inclusion, transparency, a competition for the best solutions that includes high quality data, input, and arguments/perspectives has never been more important to ease the tensions and move forward with legitimacy.

 

Swae for the Public

 

Until now, Swae has been serving enterprise clients and government entities with its business-to-business platform. Swae has, for example, handled organizations such as Etihad Airways, Bosch, Doctors without Borders, amongst others with over 25,000 employees and over 15,000 active users. While we’ve experienced great results since launching our MVP product 16 months ago, the platform required a lot of customization and further integrations to make it work well for each organization.

Given the times we face and the need for remote inclusion, over the next 4 weeks Swae will launch a platform open to the public, that will allow any organization or local government to sign up and launch their own Swae environment (that is similar to using a Slack environment) to help teams, companies, and governments adapt accordingly.

Leveraging all our learnings and feature improvements to date, users will initially walk through a light configuration and integration process, and then begin inviting other users into Swae to begin ideating, and creating competing solutions to various challenges and inviting competing proposals from stakeholders to make high-quality and legitimate collective decisions over the internet.

With a few clicks and an easy onboarding process, remote teams, NGOs, small businesses, companies, and governments will be able to make inclusive, transparent, AI-supported, and merit-based decisions collectively during this crisis.

Use Cases & Pricing

Use cases for this public version of Swae can include:

Digital Policy Making — convening governments remotely to deliberate over legislation,

Digital Annual General Meetings (AGMs) — to digitally host your upcoming annual general meeting

Remote Team Decision-Making — teams can crowdsource a variety of solutions to a common challenge for survival strategy or compensation policies during any crisis.

Swae will offer flexible or, in some cases, free pricing in order to make sure that cost is no barrier to helping people use the most robust digital and remote platform for decision-making during this time.

Next week we’ll release more details of the features and a timeline on how we’ll be opening up Swae to the public to help all types of organizations, local governments, and communities leverage our technology to make the collective ideation and decision-making process much more technologically savvy, remote, safe, and convenient.

This is the moment that we all can come together to hear all of the relevant solutions and alternatives that matter, and use a fact and merit-based process for deciding the important decisions that we need to make. Our response matters. Please stay tuned as we release more.

Bitnami