The increasing popularity of initial coin offerings (ICOs) combined with the predominantly hands-off approach taken by global regulators to date, has contributed to unease among commentators about the level of protection currently afforded to ICO investors. In an effort to clarify the regulatory landscape applying to ICOs, the Australian Securities and Investments Commission (ASIC) recently published a guidance statement (ASIC Guidance) about when ICOs may be subject to current Australian securities laws.
Direct voting is a form of voting that allows shareholders to cast their vote, either online or by completing a voting form, on resolutions of a general meeting without having to attend the meeting in person or appoint a proxy or corporate representative to vote on their behalf. By enabling direct voting at your company’s general meetings, shareholders are able to have full control over their votes and can promptly and securely vote without the need to physically attend. The convenience of direct voting may also encourage greater shareholder engagement and participation.