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Thursday, April 8, 2021
State corporate laws are surprisingly sparse on the details of annual meetings. The California Corporations Code, for example, requires that a corporation hold an annual meeting for the election of directors but does not detail who can or cannot attend that meeting. Cal. Corp. Code § 600(b). Given this legal lacuna, do shareholders have a right to attend meetings of shareholders and can corporations impose conditions upon attendance?
Many publicly traded companies do impose conditions upon attendance, including a requirement that the shareholder present photo identification. For example, The Coca Cola Company s proxy statement for its 2020 annual meeting imposed an ID requirement:
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State corporate laws are surprisingly sparse on the details of annual meetings. The California Corporations Code, for example, requires that a corporation hold an annual meeting for the election of directors but does not detail who can or cannot attend that meeting. Cal. Corp. Code § 600(b). Given this legal lacuna, do shareholders have a right to attend meetings of shareholders and can corporations impose conditions upon attendance?
Many publicly traded companies do impose conditions upon attendance, including a requirement that the shareholder present photo identification. For example, The Coca Cola Company s proxy statement for its 2020 annual meeting imposed an ID requirement:
Earnings Scheduled For February 11, 2021 benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.