Despite its annually concurring nature and globally consolidated script, the Annual General Meeting can be an extremely stressful task for the ones responsible. The legal impact of the meeting is tremendous, while seemingly the simplest of mistakes may carry grave consequences. Not only does investor relations have to tackle the compliance-related complexities, they must simultaneously keep track of the changing landscape of shareholder engagement. In this feature, we showcase Swedish gaming giant, Embracer Group's, AGM journey from full self-sufficiency to cooperation with the most advanced AGM provider in the Nordics, Inderes.
Embracer Ab is a major league player in video games and entertainment, boasting over 250 in-house game development studios and a treasure chest of IPs like Dead Island and Tomb Raider. Based in Sweden and traded on the Nasdaq Stockholm, Embracer is committed to transparency, keeping investors in the loop with regular updates and reports, all available on their website.
Embracer is focused on empowering their studios, fostering organic and inorganic growth and creating value. Operating through 12 distinct operative groups, Embracer are dedicated to providing a clear vision for expansion and returns.
Inderes has had the honor of serving as Embracer Group’s trusted Annual General Meeting provider for two years consecutively. Here’s how Inderes helped Embracer bring some legal peace of mind by means of providing them with the AGM system.
Before subscribing to Annual General Meetings by Inderes, Embracer took care of the whole process themselves. This included creating all the legal materials, organizing and managing the voting process, handling venue arrangements, registration and identification, and, of course, making sure the meeting itself runs smoothly.
After subscribing to the Inderes AGM service, Inderes took care of a large chunk of the legal arrangements. Embracer Group subscribed to a Classic meeting, meaning that their AGM was organized as an on-site physical event.
Embracer Group still remained very self-sufficient in terms of documentation and organizing the meeting. For example, the event stream was produced by the company itself with their chosen subcontractor. The event stream, though, was distributed through Inderes’ proprietary virtual event platform. In most cases, the virtual event production would also be handled by Inderes.
In cases of fully virtual or hybrid AGMs – arguably, the future of shareholder meetings – the virtual end of the meeting becomes the focal point while the AGM software and application allows shareholders to vote and engage.
In Embracer’s case, Inderes took part in document creation by acting as a “second set of eyes” in guaranteeing that the documentation was in order and validifying it. The Inderes team also consulted on the documentation in terms of making sure that everything is aligned with the Inderes AGM software processes and functionalities.
In short, what Inderes does to help its Annual General Meeting customers is provide legal peace of mind. AGM is a process that tends to be manually laborious, requires extremely detailed attention and creates a fair bit of grey hairs. Running a successful Annual General Meeting itself is a toil. It becomes even more arduous if a company has to carry heavy the load of organizing it in a legally solid manner themselves. That is where Inderes can provide the most help.
The Inderes AGM service is a combination of high-level legal expertise and top-tier technology, allowing companies to smoothen out the AGM process tremendously, worrying only about running the actual meeting.