Online Shareholders’ Meetings Lower Costs, but Also Interaction

Not one shareholder showed up to Intel’s shareholders’ meeting last week. In person, at least. Instead, Intel’s annual meeting was entirely virtual. There was no in-person gathering site, the questions were submitted in advance, and management and the board made all of their presentations online. Virtual meetings are a growing phenomenon, but although technologically feasible, they are a bad idea. In 2015, 90 companies used this method with Broadridge, a big provider of virtual meeting technology. In addition to Intel, GoPro, SeaWorld Entertainment, PayPal, Fitbit and Yelp have all held virtual shareholders’ meetings in the last year.

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