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Virtual Meetings Shareholder Meetings

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

Stikeman Elliott LLP

CSA Update Guidance on Virtual Shareholder Meetings

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The Canadian Securities Administrators (“CSA”) provided initial guidance on virtual shareholder meetings in February 2022 to: (i) assist reporting issuers in fulfilling their obligations under securities legislation; and (ii)...more

Holland & Knight LLP

Virtual Shareholders Meetings: Draft Decree Amends Mexico's General Law of Commercial Companies

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The Mexican Senate, on Sept. 12, 2023, unanimously approved the draft Decree reforming several provisions of the General Law of Commercial Companies (Ley General de Sociedades Mercantiles or LGSM). By virtue of this reform,...more

Locke Lord LLP

Massachusetts Makes “Virtual Meeting” ‎Relief Permanent

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We previously issued a QuickStudy reporting that the Massachusetts legislature had extended to March 31, 2023 the COVID-19 pandemic relief that allowed Massachusetts public companies and Massachusetts non-profit corporations...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

Davies Ward Phillips & Vineberg LLP

OBCA Changes Could be Used to Restrict Shareholder Rights

The Ontario government introduced an omnibus bill (Bill 91) on April 3, 2023 that proposes both welcome and concerning amendments to the Ontario Business Corporations Act’s (OBCA) regulation of shareholder meetings. The...more

Morrison & Foerster LLP

Update Kapitalmarkt- und Gesellschaftsrecht: Die Virtuelle Hauptversammlung 2.0

Die Möglichkeit, Hauptversammlungen unter Ausschluss der Anwesenheit der Aktionäre rein virtuell abzuhalten, war erstmals aufgrund der Covid-19-Pandemie vom Gesetzgeber eröffnet worden. Die ursprüngliche Regelung vom 27. März...more

Allen Matkins

Bill Would Allow Shareholders To Phone It In

Allen Matkins on

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

Cooley LLP

Delaware bar recommends DGCL amendments, including officer exculpation charter provisions

Cooley LLP on

The Council of the Corporation Law Section of the Delaware State Bar Association has provided recommendations to the Delaware General Assembly for a number of changes to the Delaware General Corporation Law, some of them...more

Clark Hill PLC

End of an Era for Virtual AGMs and EGMs of Irish Companies?

Clark Hill PLC on

Amongst the many pro-business responses of the Irish Government to the challenges presented by the onset of Covid-19 in 2020 was the swiftly-enacted Companies (Miscellaneous Provisions)(Covid-19) Act 2020 (the “Covid-19...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

Smith Anderson on

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

Smith Anderson on

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

Lowenstein Sandler LLP

New Jersey Corporations May Now Hold Any Shareholder Meeting Remotely

Lowenstein Sandler LLP on

What You Need To Know: •New Jersey corporations may now hold fully remote shareholder meetings even absent a state of emergency. •Boards of directors must still adopt guidelines and procedures governing remote...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

Dorsey & Whitney LLP

Alaska Legislature Passes Bill Allowing Virtual Shareholder Meetings

Dorsey & Whitney LLP on

Dorsey Assists Alaska Corporations to Hold Annual Virtual and Hybrid Meetings - The Alaska Legislature unanimously passed Senate Bill 24, on March 22, 2021, allowing corporate shareholder meetings and nonprofit member...more

Latham & Watkins LLP

Corporate Governance: le novità per la stagione assembleare 2021

Latham & Watkins LLP on

Le novità da considerare per l’imminente stagione assembleare e per aggiornare la corporate governance anche alla luce delle disposizioni introdotte per l’emergenza COVID-19. Le nuove modalità per l’assemblea dei soci tra...more

BCLP

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

BCLP on

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

Cooley LLP

Blog: 2020 Working Group identifies best practices for virtual shareholder meetings

Cooley LLP on

Just in time for the new proxy season comes this Report of the 2020 Multi-Stakeholder Working Group on Practices for Virtual Shareholder Meetings from the Rutgers Center for Corporate Law and Governance, the Council of...more

Winthrop & Weinstine, P.A.

2021 Virtual Shareholder Annual Meetings

Many companies held virtual annual shareholder meetings in 2020.  This was principally the result of the COVID-19 pandemic and related state shutdowns or stay-at-home orders.  Typically, companies switched from the more...more

Locke Lord LLP

New York Business Corporations, Not-For-Profit Corporations and Religious Corporations May Temporarily Hold Shareholder and Member...

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Through December 31, 2020, New York business corporations and New ‎York Not for Profit corporations may hold virtual annual or special shareholder ‎and member meetings through electronic means. Recognizing Governor ‎Andrew...more

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