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Note: Intel Corporation, reported in the article below to be testing new communication processes for its annual meeting that will include a voluntarily adopted advisory vote on executive compensation, is a Leadership Supporter of the Forum's current "Say on Pay" program and is represented on the Program Panel.

For additional information about applications of communications technologies to investor relations, see


Investor Relations Magazine, April 9, 2009 article


Crossbow logoPeople on the street

Intel to hold virtual get-togethers for shareholders

Apr 9, 2009

Broadridge touts new platform amid frenetic proxy season

On May 20, Intel’s annual meeting will have a virtual component. The chip maker will be the first to use Broadridge’s new Investor Network service to hold a virtual shareholder meeting (VSM). Ahead of the meeting, Intel is also using the platform to conduct a closed-door ‘shareholder forum’.

Unlike webcasts, which are available to the public, the VSM ‘has the ability to be specific to your shareholders,’ says Chuck Callan, Broadridge’s senior vice president of regulatory affairs. Control numbers validate shareholders of record so only they can attend, present questions and vote online during the meeting. ‘You know that you’re getting questions from your shareholders and not from the public overall,’ explains Callan. ‘You have the ability to vote in real time right at the meeting.’

Gary Lutin, chairman of the Shareholder Forum, an advocacy group unrelated to Broadridge whose members include institutional investors and corporates, believes it’s important to modernize the annual meeting process and considers Intel’s initiative to be a strong step forward. ‘It's been a long time since anyone drove his buggy up to a shareholders’ meeting to get the information he needed for voting decisions and then cast his ballot,’ he says.

‘You're not going to see any technologies here that you haven't seen before in the quarterly earnings calls or other widely used conferencing processes,' he continues. 'What's new about it is that that these communications technologies are being applied to the antiquated rituals of a shareholder meeting. Done right, this will certainly provide both investors and corporate managers with a much more efficient process for the required information exchange and decision-making.’

Cost savings could also be a boon. Broadridge says its e-delivery services eliminated 54 percent of hard copy mailings last year, saving issuers nearly $1 bn.

Intel sees benefits coming from a better dialogue with shareholders. Amy Kircos, a spokesperson from Intel, says VSM ‘gives shareholders another communications path to Intel.’

By Janine Armin





This Forum program is open, free of charge, to anyone concerned with investor interests relating to shareholder advisory voting on executive compensation, referred to by activists as "Say on Pay." 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.

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