Virtual Shareholder Meetings are being widely reported as a trend in 2017.
Pros: Cost savings, global accessibility, increase audience size and outreach to all constituents.
Cons: Cede far too much control to corporate managers during the sole event each year when they must look owners in the eye and listen to their views. Managers presiding at virtual-only confabs, critics say, can cherry-pick which shareholders’ questions to answer and prevent investors from communicating one on one with management.
Recommendation: Conduct a hybrid event to allow shareholders/owners to show up and participant and accommodate remote participants.
View NY Times Article here: NY Times: Meet the Shareholders?