Shaparency has launched its board and shareholder management platform, helping businesses digitise governance and shareholder relations.

The London-based startup, established in response to the business conditions resulting from COVID-19, aims to use its platform to increase the efficiency and effectiveness of board and shareholder operations.

Shaparency has been designed from inception to reflect the circumstances and likely long-term shifts brought about by the pandemic, to enable businesses to digitally engage with their shareholders in an environment where social distancing and shielding of vulnerable individuals is commonplace.

Founded by Australian entrepreneur Ben Nowlan, it uses blockchain technology to provide an integrated digital platform through which businesses can remotely run board meetings and shareholder Annual General Meetings (AGMs), store governance documents, minutes and contacts, and manage shareholder relations.

“Over the past three months, we’ve seen the biggest shift in working practices for decades - businesses are having to adapt to new ways of communicating and collaborating," stated Nowlan. "Many of these new practices are here to stay, so business leaders are finally being given the push they need to transition to automated operations to build reliable, secure and transparent company governance structures.

“We have the technology to take all meetings, document storage and shareholder communications online, allowing for better and easier governance, greater transparency and less waste in the form of less travel and fewer documents being printed - hopefully, our ‘new normal’ will help business leaders realise this more clearly and make the transition to fully automated governance.”

Other solutions of the platform include secure voting - all votes can be run directly from the platform and proxy votes can be collected securely and efficiently - creating a global task board; digitally signing document signings, cloud document storage and storing in a cloud location; email and calendar integration; document templates; and hosting and managing board and shareholder meetings in one portal from anywhere in the world.

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