The new Companies Act, Electronic Communications Order 2000 was passed in parliament yesterday.
This means each plc will have to decide how it is going to encourage shareholders to opt for this new mode of communication.
Sending documents electronically is significantly cheaper than sending them in hard copy format, but companies will have to ensure data remains secure on their website and will have to manage the electronic delivery of proxy voting forms.
The DTI has recommended companies consult the Institute of Chartered Secretaries and Administrators’ Best Practice Guide on implementing the new legislation.
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel