Abu Dhabi-Mubasher:  Abu Dhabi Securities Exchange (ADX) is likely to start implementing the e-voting system in shareholder meetings as of 2016, said Abdullah Salem Al Naimi, the head of market surveillance at ADX.

The market finalized all the technical aspects of this new mechanism, said Al Naimi, adding that required legislations will be set by the Securities and Commodities Authority.

The new system will allow investors to vote on proposed resolutions, with the exception of those that need discussions, without being physically present at the shareholder meetings.

He noted that the mechanism will help to increase the market’s efficiency, as well as reducing operating expenses of both the market and listed firms.