Wednesday, October 17, 2001
A Delaware law that entered into Delaware's General Corporate Law last year is finally starting to get some attention on a national level. It appears that Oracle is considering holding their next shareholder's meeting electronically, for reasons dealing with security and costs. Other tech companies are also considering using virtual shareholders meetings as a means of saving on the costs of travel and security. Will something be lost in the move from a face-to-face confrontation with a CEO or other shareholders? Perhaps only time, and litigation, will tell. With more people concerned about security these days, the use of this statute may be seen by many as an improvement to the previous requirement for live and in-person meetings.