National Deposit Center's system E-vote launched

12:45 - 28.12.2024


December 28, Fineko/abc.az. For the first time in the country, the National Depository Center has introduced a system for remote holding of shareholders' meetings and electronic voting system (E-vote).

ABC.AZ reports, quoting NDC chairman of board Agaguseyn Khudaverdiyev, as saying this during a media briefing on E-vote.

"As part of this service, notifications and materials on the agenda of meetings are posted electronically on the Investor Portal created by the NDC. Shareholders can familiarize themselves with the agenda and use the e-voting option. The first organization to use this service is the International Bank of Azerbaijan. In accordance with the agreement concluded between the NDC and the IBA, the notice of the extraordinary meeting of bank’s shareholders was posted on the shareholders' personal accounts in the Investor Portal. The new service allows holding meetings remotely, promptly and timely provide information to shareholders, which is especially important for those who for some reason cannot attend the meeting physically. This solution minimizes the use of paper media and strengthens the protection of shareholders' rights," he said.