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.