From the RiskMetrics Governance blog:
An investor advocacy group, the U.S. Proxy Exchange (USPX), is objecting to Symantec’s plan to hold a virtual-only annual meeting on Sept. 20. The Massachusetts-based group has organized a letter-writing campaign and is urging both retail and institutional investors to contact company officials. The group wants the California-based technology company instead to hold a hybrid meeting, where shareowners could attend in person or electronically….
“The decision to hold a ‘virtual’ meeting gave the impression of embattled executives hiding behind technology,” the group asserts.
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