Abstract
The Annual General Meeting of Shareholders is considered to be a boring and mandatory annual ceremony. At present, its information, forum, decision-making functions, and voting procedures are all flawed. As a new technology, the introduction of blockchain can greatly reduce the cost of shareholder voting and company organization costs, improve the company’s decision-making efficiency and the transparency of voting and elections, and effectively solve the problems existing in the current annual general meeting of shareholders. The research in this paper provides an intelligent solution for the traditional inefficiency of corporate governance.
Highlights
The annual general meeting is one of the places where all shareholders directly supervise the board of directors and major shareholders
Its organization usually makes decisions about the company’s major business matters, It provides an effective way for shareholders to participate in corporate governance
This article takes shareholders’ participation in the annual general meeting of shareholders as the entry point. It conducts an in-depth analysis of the defects in the current annual general meeting of shareholders and the voting procedures; secondly, introduces blockchain technology and makes a brief introduction to blockchain technology and smart contracts
Summary
The annual general meeting is one of the places where all shareholders directly supervise the board of directors and major shareholders. Its organization usually makes decisions about the company’s major business matters, It provides an effective way for shareholders to participate in corporate governance. It is very important for both listed companies and shareholders to hold a good annual general meeting of shareholders. The annual general meeting of shareholders has three main functions: Information function (transmit company information to shareholders), forum function (provide a place for shareholders to discuss and ask questions), decision-making function (make decisions on major business matters of the company). Some shortcomings of the annual general meeting of shareholders are slowly exposed
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