Thank you both for sharing your comments. Note also a write-up last week by Risk Metrics at blog.riskmetrics.com/c.... The article mentions that so far 13 companies have held virtual (only) meetings. Also, "Companies point out that most shareholder meetings attract few investors and are costly to hold, and that online meetings can allow more shareholders to participate. Issuers also say that most analysts and institutions no longer attend annual meetings in person." This is a sorry state of affairs since, in fact, company boards (lawyers) strive to shoot down shareowner proposals, and even in the event a proposal makes it on the proxy, finding a board that supports shareowner proposals is a rare occurrence indeed. Any wonder few(er) individuals show up. No doubt there is much to gain from virtual meetings (most importantly the broader participation that the companies cite), but the proper safeguards must be in place, and in the meantime or perhaps forever (since the webcast must be physically carried out anyway), traditional in-person meetings are a must.
Questioning Symantec's 'Virtual' Shareholder Meetings [View article]
Questioning Symantec's 'Virtual' Shareholder Meetings [View article]