TWENTY YEARS AFTER THE FIRST VIRTUAL-ONLY ANNUAL SHAREHOLDERS’ MEEТING

CAN THE VIRTUAL-ONLY MEETING BE A SOLUTION DURING THE TIME OF COVID-19?

Abstract

In the paper, the authors provide an overview of the development of the concept of a virtual-only
annual shareholders meeting. In doing so, the authors are analyzing the specifics that are
determining the path development of this method of organizing shareholders’ meetings. In that
regard, the authors of the paper, especially focus on the experiences arising from the application
of this model in 2020. Namely, under the influence of the global pandemic of COVID-19, this
model of organizing of shareholders’ meetings was used very often. That challenged the
company’s legislation regulating the virtual-only shareholders' meetings. Several countries
amended their legislation in this regard.