Hundreds of companies say they will transition to a virtual annual shareholder meeting this year while others plan to but are working out the kinks. Yet many companies are still waiting to determine what to do.
According to public company intelligence provider MyLogIQ, so far 49 Russell 3000 companies have announced in recent weeks that they have converted their annual meeting to a virtual meeting, while 181 companies disclosed in their proxy statements that annual meetings would be held virtually this year. Another 30 companies have adopted bylaw amendments that would allow for virtual meetings but have not yet announced new meeting dates or details.
MyLogIQ found that 400 Russell 3000 companies will hold annual meetings this month, while 363 are slated to hold them in May.
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