Central Securities Depository Of IRAN

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CSDI HOLDS GENERAL MEETINGS OF FIVE PROVINCIAL INVESTMENT COMPANIES ELECTRONICALLY

Central Securities Depository of Iran has held electronic general meetings of five provincial investment companies for the first time.

Central Securities Depository of Iran has held electronic general meetings of five provincial investment companies for the first time.The events supervised by the Securities and Exchange Organization were attended by 33% of shareholders on Saturday 5 December 2020.

Committed to comply with the measures announced by the National Committee to Combat Corona Pandemic, the five general meetings were organized and held electronically, providing the virtual access to millions of shareholders of Justice Shares to attend the meetings for the first time.

Prior to the general meetings of Kordestan, North Khorasan, South Khorasan, Qom and Isfahan provincial investment companies, CSDI's CEO, Hossein Fahimi, in a live broadcast addressed the shareholders about the history of "Justice Shares Scheme" and the importance of electronic general meetings for provincial investment companies. 

The CSDI CEO went on to say that by holding electronic general meetings, the ground for participation has been provided for all people to determine the fate of their investment by electing company managers.

Having to said, the minutes and documents of general meetings went accessible for over 1.3 million shareholders already registered in CIGS three days before the event. 

Statistics have shown above 97% of shareholders had participated in these meetings using mobile phones.

On the other hand, the representative of the Securities and Exchange Organization, as the supervisor, had full control over the electronic holding process of general meetings virtually.

Release Date: 2020-12-05