More U.S. companies choosing virtual annual meetings
A GROWING number of U.S. companies are holding their annual shareholder meetings exclusively online in spite of shareholder concerns that virtual-only meetings may undermine board accountability and exacerbate plunging retail voting rates.
Despite poor retail vote, SEC may relax E-proxy deadline
DESPITE a dramatic drop in individual investor participation at companies using the new E-proxy process for their annual meetings, the US Securities and Exchange Commission (SEC) is studying “rulemaking refinements” that could make it easier for more firms to use the model. Introduced little over one year ago, the E-proxy process allows company investor relations [...]
Evelyn Davis complains about e-proxy
CORPORATE governance activist Evelyn Y. Davis, well-known for berating CEOs at annual meetings across the US, has complained about the SEC’s new default electronic delivery process for annual meeting materials. On CNBC’s Power Lunch show, the 78-year-old Davis told host Bill Griffeth that the SEC’s process of requiring shareholders to request paper materials from companies [...]
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