Abstract
Since our society entered a new stage in its development, many scholars perceive that modern means of communication can facilitate the shareholders' participation and so may improve corporate governance. We expect that a virtual meeting of shareholders (i.e., with no physical attendance) actually have immediate rewards. In this paper, we determine the legal and technological issues for conducting a shareholders' meeting using such modern means of communication. We introduce a theoretical model of a virtual shareholders' meeting along with the Dutch and Delaware perceptions that are incorporated in laws. From our analysis, we may conclude that a virtual meeting of shareholders has a large prospective.
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