News & Analysis as of

Virtual Meetings Publicly-Traded Companies

Allen Matkins

California Decides That The Sun Shall Not Set On Virtual Meeting Statutes

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Despite being home to the Silicon Valley, California has not embraced with abandon virtual-only meetings of shareholders.  Section 600(e) of the Corporations Code currently does not permit virtual only meetings unless one of...more

Nelson Mullins Riley & Scarborough LLP

Better Late than Never: Virtual Shareholder Meetings Now Available to South Carolina-Chartered Corporations

South Carolina-chartered corporations may now hold virtual meetings of shareholders whereby shareholders and proxy holders not physically present at the annual or special meeting location may participate by means of remote...more

Allen Matkins

Bill Would Allow Shareholders To Phone It In

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Currently, the California Corporations Code prohibits a California corporation from conducting a meeting of shareholders solely by electronic transmission by and to the corporation, electronic video screen communication,...more

Locke Lord LLP

Massachusetts Temporary “Virtual ‎Meeting” Relief Extended

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The Massachusetts Legislature recently extended the provisions of a special act that allows Massachusetts public companies and Massachusetts non-profit corporations to hold shareholder and member meetings entirely remotely....more

White & Case LLP

FTSE 350: July 2022 Snapshot of Arrangements for AGMs

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Key trends - We are now over half way through the year and moving towards the end of the AGM season. The trends which we identified at the start of the year have generally continued. Most companies have chosen to hold a...more

White & Case LLP

FTSE 350: Snapshot of Arrangements for AGMs

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Refinitiv, Q1 2022 Adviser Rankings, US law firms, September 2021 We continue to track the approach FTSE 350 companies are taking to the holding of their AGMs. We have set out in our snapshot the approach companies have taken...more

Allen Matkins

California Enacts Temporary, Yet Urgent, Law Allowing Virtual Only Shareholder Meetings

Allen Matkins on

Last year, the California legislature enacted AB 663 (Chen) in order to provide California corporations with greater flexibility to hold virtual-only meetings of shareholders.  Among other things, AB 663 amended Corporations...more

Smith Anderson

North Carolina General Assembly Now Allows Virtual-Only Shareholders’ Meetings

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In September 2021, the North Carolina General Assembly passed, and Governor Roy Cooper signed into law, Session Law 2021-162 (House Bill 320), Part I of which includes amendments to the North Carolina Business Corporation Act...more

Womble Bond Dickinson

North Carolina Business Corporation Act Now Permits Fully Virtual Shareholders' Meetings

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On September 20, 2021, North Carolina Governor Roy Cooper signed House Bill 320 into law, permitting North Carolina corporations to hold shareholders’ meetings solely by means of remote communication under the North Carolina...more

Smith Anderson

North Carolina Permanently Authorizes Virtual Only Shareholders’ Meetings

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As discussed in our March 17, 2020 and April 3, 2020 client alerts, the COVID-19 pandemic significantly impacted the ability of North Carolina corporations to hold in-person meetings of shareholders. Because the North...more

Mintz - Securities & Capital Markets...

Massachusetts Executive Order Permitting Massachusetts Public Companies to Hold Virtual-Only Shareholder Meetings to Expire

Massachusetts Governor Charles Baker’s COVID executive order permitting public companies incorporated in Massachusetts to hold virtual-only shareholder meetings is set to expire on August 14, 60 days after the June 15 lifting...more

BCLP

Prospects Dim for In-Person Meetings in 2021: Glass Lewis Provides Updated Hybrid/Virtual Approach

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As we approach our 11th month of COVID-19 restrictions, the pandemic continues to evolve with new variants, while vaccination efforts move forward at a snail’s pace because of limited supplies in many states. Many hoped for a...more

Mintz - Securities & Capital Markets...

Preparation for 2020 Fiscal Year-End SEC Filings and 2021 Annual Shareholder Meetings

As our clients and friends know, each year Mintz provides an analysis of the regulatory developments that impact public companies as they prepare for their fiscal year-end filings with the Securities and Exchange Commission...more

Snell & Wilmer

Annual Meeting and Proxy Considerations

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Holding Your Annual Meeting Virtually—Lessons Learned From 2020 - In light of the circumstances surrounding the COVID-19 pandemic, it comes as no surprise that there was a dramatic increase in the number of virtual...more

Fenwick & West LLP

Corporate Governance Survey - 2020 Proxy Season Results

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Corporate governance practices vary significantly among public companies. This is a reflection of many factors, including: • Differences in the stage of development of companies, including the relative importance placed on...more

Fenwick & West LLP

Glass Lewis Announces 2021 Proxy Voting Policy Guidelines

Fenwick & West LLP on

Glass Lewis announced updates to its United States Proxy Voting Policy Guidelines late November 2020. The 2021 Proxy Voting Policy Guidelines include a variety of changes from the 2020 version, including new provisions...more

Goodwin

ISS 2021 Policy Updates On Federal Forum And Exclusive State Law Forum Provisions, Board Diversity And Other Matters

Goodwin on

Institutional Shareholder Services (“ISS”) published its proxy voting guidelines updates for 2021 (“Policy Updates”) on November 12, 2020. The changes that are likely to be of most interest to companies include new and...more

A&O Shearman

Covid – 19 update Listed companies & Emergency Act Virtual GM

A&O Shearman on

Following an accelerated legislative procedure, the Temporary Act COVID-19 came into force in April 2020. The Act has retroactive effect until and including 16 March 2020. This "Emergency Act" provides, among other things,...more

BCLP

2021 Annual Shareholder Meetings – Avoiding a Super Spreader Event

BCLP on

As COVID-19 rages on, companies are again flocking to virtual annual meetings for the 2021 proxy season, but with one important difference: the luxury of time. Many companies are already exploring retention of virtual annual...more

Mayer Brown Free Writings + Perspectives

SEC Schedules Open Meeting

The Securities and Exchange Commission announced that it will hold an open meeting on September 16, 2020, which will be webcast.  ...more

Cozen O'Connor

Virtual Shareholder Meetings for Republic of Marshall Islands Nonresident Domestic Corporations

Cozen O'Connor on

In recognition of the COVID-19 global pandemic, the Registrar of Corporations for nonresident domestic corporations formed in the Republic of the Marshall Islands has adopted new regulations addressing the conduct of...more

Parker Poe Adams & Bernstein LLP

Practical Considerations for Virtual Annual Stockholder Meetings

Due to the COVID-19 pandemic, many companies are holding their annual stockholder meetings through either virtual or remote channels of communication (“virtual meeting”). Of those companies holding virtual meetings, a large...more

BCLP

Virtual annual meeting glitches impact shareholder participation

BCLP on

Because of the rapid shift from in-person to virtual annual meetings mandated by COVID-19 health and safety concerns, many companies held first-time virtual-only meetings, with both management and shareholders exploring the...more

White & Case LLP

AGMs: A snapshot of the FTSE 350's reaction to COVID-19 restrictions

White & Case LLP on

Since our last Client Alert on Practical considerations: the impact of COVID-19 on the holding of annual general meetings, the UK Government has issued its compulsory "Stay at Home Measures" prompting ICSA to issue...more

Farrell Fritz, P.C.

Shareholder Meetings in the Age of COVID-19

Farrell Fritz, P.C. on

Among the many challenges companies are facing during the COVID-19 pandemic is how to conduct their shareholder meetings. Current social distancing requirements are effectively forcing companies to choose between postponing...more

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