The Annual General Meeting (AGM) is always a highlight in a company’s yearly event calendar. So much preparation, so many things to think about, so much budget spent for a single half day. Nevertheless, it’s an important event for internal and external audiences such as the Executive and Board members, the legal department, investor relations, all shareholders and investors. Often the communications department is involved as well as an event agency, simultaneous translators and a streaming company in charge of the videotaping and broadcasting.
Keeping track of your target audiences
Leading up to the ‘big day’ I remember many arguments and discussions about all kinds of internal and external communication issues including ‘Shall we show it to employees?’, ‘Why should we show it to employees?’ ‘Do we put in on the Internet or not?’, ‘Does the public need to know?’ etc. The Annual General Meeting is THE event a company holds for its shareholders and includes the entire senior management and executive staff as well as the organization’s Board members. Employees and the general public sometimes get forgotten in the process. I find it just as relevant and significant to keep them in the loop of a company’s developments. And that is a communication departments job! So I can only plead for you to take on the responsibility, get a streaming provider such as Solutionpark on board, and get moving.
Employees first!
We webcast the Annual General Meeting on the intranet for all employees to see, i.e. for those who aren’t shareholders and for those who are but decided not to attend the AGM in person. It’s simple transparent information policy to keep everyone up-to-date and not to exclude internal resources whoever and wherever they may be. Besides, it’s a legal requirement to keep a copy of the recording anyway, so why not produce it as a webcast and put it on the web.
I find this a good example of using multimedia tools to create more transparency and inclusiveness. Don’t we hear too often: ‘Why wasn’t I informed?’, ‘How come I didn’t hear about this or that?’ The whole purpose of putting videos on the Internet is to reach a broad audience and make an event available to everyone. All of your shareholders and employees will be grateful to you.
Posted in corporate communication, employee relations, event communication, internal communication, investor relations, shareholder communication
Tagged annual general meeting, broadcasting, Executive and Board members, investor relations, investors, recording, shareholders, streaming, webcast
On a typical day, when a publicly-traded company published their quarterly financial results, it all begins at 7 am with sending out the official press release and financial results presentation to the media, analysts and investors as well as publishing it all on the company website. An E-mail is sent out to all employees informing on the news while the internal communication specialist and internal services people get the auditorium ready for the upcoming employee information event.
Pulling it all together
The IT person responsible for helping with the webcast and the two streaming engineers from Solutionpark arrive and set up 2-3 cameras, hook up laptops and lay the necessary cables. I check the lighting and the sound (microphones) and upload the employee presentation onto the laptop next to the speaker’s desk. By 8 am staff piles into the auditorium – once again filled to the very last seat – and eagerly awaits the Executives Team’s explanations of the quarterly financial results. The session will be recorded including the slides and Q&A and is published on the intranet an hour following the staff event as a Video on Demand.
By 9 o’clock the Executive Team moves on to the boardroom where the investor call will be held shortly. The scripts are ready and so are the head of investor relations and the streaming engineers who will ensure that the slides are synchronized with the speeches from the CEO and CFO. This investor call will be broadcast live, i.e for everyone to see who logs on (and registers) on the company website. While the live webcast is in full swing in the boardroom, the auditorium is once again remodeled and set up for the onsite press conference.
Moving forward through the day
I remember the poor guys from the internal services department well who had to lug hundreds of chairs, shove around tables and prepare the information booth for the awaited financial analysts and business journalists. As employees, we were not allowed to participate in the press conferences, though we’d sneak through the hallway and try to get a glimpse of who had come. Are there photographers present? Has a journalist from a prestigious financial paper arrived? Have the analysts dressed in their sleek designer outfits again?
By noon, the show is over, the employee webcast published on the intranet, the investor webcast marked for download on the Internet, journalists’ and analysts’ questions answered. Oh well, just a typical day at the office.
Posted in corporate communication, employee relations, internal communication, investor relations, strategic communication
Tagged broadcast live, camera, internal communication specialist, Internet, intranet, investor call, microphone, press conference, press release, quarterly results, results presentation, Solutionpark, streaming engineer, Video-on-Demand, webcast
I always think that size does matter, especially when a company appears to be larger than it actually is, and just because you can list 23 subsidiaries on 5 continents, for e.g.. Anyway, as a communication professional I feel strongly about selecting the right external providers for your internal and external communication activities. Not the biggest, fanciest with the most luxurious, but someone that understands my communication needs, be it for a simple recording of a statement from the CEO to organizing the entire communication of a live broadcast of an extraordinary annual general meeting which is viewed by hundreds of people across the globe.
Bringing the world together
Truly I’d start with a small communication project, see how it goes and see how you like it. Do a video on demand, as you are less under pressure in case the speakers mess up or the weather is bad (if you are doing the shooting outside) or some technical emergency pops up. Over the years I did a lot of testing with different scenarios, and depending on the bandwidth, employees in a small office would gather in front of one screen to watch the video. They’d tell me many times that they enjoyed coming together and through the video felt more closely connected to the headquarter thousands of miles away.
Creating a big bang
Compared with traditional communication (print) tools, and don’t get me wrong, I have had great experiences working with ad agencies and producing plenty of print material, the cost of webcasts on average is often lower and the impact so much greater. Assume you are using a webcast for a message from the CEO, an update on the business strategy and your are introducing a new Executive Team member, that is three in one right there. Don’t have to bother writing individual pieces including a speech, a presentation, an internal announcement etc. No need trying to copy all different user groups into the ‘To:’ field of your E-mail. As soon as you have the video up on the Internet a broad audience can view it as much and as long as they want. And, you can even track the traffic.
Posted in corporate communication, employee relations, internal communication, strategic communication
Tagged bandwidth, broadcast, communication, external provider, Internet, message from the CEO, proposal, recording, Solutionpark, webcast
Throw away your old corporate pictures, logos, images and graphics. Or at least ban them to the archives. Now. And don’t leave any of that horrible stuff sitting on your website, by all means! It’s your company’s business card, for crying out loud. Nobody wants to keep looking at those boring, rusty, stiff, repellent visuals. It’s time for something new! Instead of wasting time and money surfing though stock image databases, go ahead and produce your own. Grab your iPhone and call a photographer, videographer or multimedia producer who will give your company (website) a fresh new look.
Some corporate websites really give me the creeps. Yuck. Is that really who they want to be?
I grew up being exposed to new technologies and computers from an early age onwards. Then at university in the USA we were required to e-mail our research papers or hand them in on a disk, which seemed quite revolutionary at the time. Later on, in my professional communication career, somehow, I got stuck with different sorts of web projects mostly from an internal communications perspective. Colleagues say I inspire them and as I enjoy working in interdisciplinary teams and on technical topics, communication and PR on the one hand and IT-related activities on the other, make up an ideal mix for me.
Taking on the responsibility and seeing the big picture
Of course I was the one carrying the responsibility for introducing webcasts for internal communications and there was always the chance something out of my reach would go horribly wrong, but I couldn’t let fear get in the way. It’s my job to bring people together, provide the most suitable communications channel for distributing relevant information to a wide audience and collecting feedback to make it even better next time.
Take it from me, I had my doubts if our employees wouldn’t get tired of watching videos say, on a monthly basis, but to them it was so important to see the company’s executives’ and senior staff members’ faces regularly. Colleagues in Tokyo feel more connected and part of the company, staffers in Argentina see the big picture and understand the overall business strategy and the employees at the Cologne hub hear what questions their counterparts in Zurich are raising towards the Global Executive Team. That really helps and at the end of the day makes my live easier too.
Posted in corporate communication, employee relations, event communication, internal communication, strategic communication
Tagged channel, communication, computer, PR, technology, web project, webcast
No more paper! No more paper! That’s the end of it! The printed employee newsletter is dead. Definitely not worth it anymore. Don’t even invest the resources: hours, budget, nada. Simply stop producing paper, where the content is outdated the moment your readers get it into their hands, where the leaflet is thrown in the bin as soon as it arrives on the employee’s desk and where nobody wants to read or even look at pieces of floating cellulose anymore.
It’s about time you put publish your verbal materials on the web and do away with paper all together. Believe me, it works. And, digital space is more eco-friendly anyway, don’t you think?
I find this a good example of using multimedia tools to create more transparency and inclusiveness. Don’t we hear too often: ‘Why wasn’t I informed?’, ‘How come I didn’t hear about this or that?’ The whole purpose of putting videos on the Internet is to reach a broad audience and make an event available to everyone. All of your shareholders and employees will be grateful to you.