The Shareholder ForumTM

Electronic Participation in Shareholder Meetings

Forum Home Page [see Broadridge note below]

"E-Meetings" Home Page

"E-Meetings" Program Reference


IR Magazine | Inside Investor Relations, March 17, 2011article


Inside Investor Relations

NIRI discusses 2011 proxy season

17 Mar 2011

A few anecdotes from this week’s New York NIRI meeting

There was a solid turnout at NIRI’s New York chapter meeting on Tuesday night.

In a conference room in the swank Intercontinental hotel in Times Square, Georgeson’s general counsel, the poised and well-spoken Rachel Posner, joined Goldman Sachs vice president of investor relations Bess Joffe, Broadbridge’s Lyell Dampeer, and Laurel Hill’s Michael Maiolo on a panel titled, ‘Getting ready for your 2011 annual meeting: what IROs need to know’.

Here are some of the more interesting tidbits shared by members of the panel and the audience:

-At many companies, the corporate governance crowd has started to spend more time with the folks who deal with buy/sell issues. That is, at some of the more progressive companies, voting and valuation issues are no longer being treated as wholly separate concerns.

To describe the unnatural bifurcation of governance issues and buy/sell considerations at less progressive companies, the NIRI crowd frequently invokes the following metaphor: ‘The valuation executives meet up in a windowed office with the CFO while the governance professionals scrounge on sandwiches with the company’s corporate secretary in the basement.’ A little bird told me Peggy Foran, Prudential Financial’s corporate secretary, coined that analogy.

-Given how swamped the SEC is with Dodd-Frank issues, the agency won’t likely get around to proxy access this year.

-Thirty-five companies held virtual annual meetings last year. IROs and corporate secretaries should be uber-aware of making the goings on at virtual meetings as transparent as possible, or they’ll likely suffer the wrath of shareholder activists ready for a fight!


© Copyright Cross Border Ltd. 1995–2011.




This Forum program is open, free of charge, to anyone concerned with investor interests in the development of standards for conducting shareholder meetings with electronic participation. As stated in the posted Conditions of Participation, the Forum's purpose is to provide decision-makers with access to information and a free exchange of views on the issues presented in the program's Forum Summary. Each participant is expected to make independent use of information obtained through the Forum, subject to the privacy rights of other participants.  It is a Forum rule that participants will not be identified or quoted without their explicit permission.

The organization of this Forum program was encouraged by Walden Asset Management, and is proceeding with the invited leadership support of Broadridge Financial Solutions, Inc. and Intel Corporation to address issues relevant to broad public interests in marketplace practices, rather than investor decisions relating to only a single company. The Forum may therefore invite program support of several companies that can provide both expertise and examples of leadership relating to the issues being addressed.

Inquiries about this Forum program and requests to be included in its distribution list may be addressed to

The information provided to Forum participants is intended for their private reference, and permission has not been granted for the republishing of any copyrighted material. The material presented on this web site is the responsibility of Gary Lutin, as chairman of the Shareholder Forum.

Shareholder Forum™ is a trademark owned by The Shareholder Forum, Inc., for the programs conducted since 1999 to support investor access to decision-making information. It should be noted that we have no responsibility for the services that Broadridge Financial Solutions, Inc., introduced for review in the Forum's 2010 "E-Meetings" program and has since been offering with the “Shareholder Forum” name, and we have asked Broadridge to use a different name that does not suggest our support or endorsement.