Wall Street Journal: Omicron Pushes Some Companies Back to Virtual Shareholder Meetings
Read the full article by Nina Trentmann on the Wall Street Journal.
Some companies are switching to virtual shareholder meetings again as the Omicron variant continues to spread through the U.S. and businesses take precautions to limit infections.
Many companies shifted to meeting with their investors remotely as Covid-19 cases first surged in the U.S. in the spring of 2020—a trend that continued in 2021, when 65%, or 3,316, of shareholder meetings by publicly traded U.S. businesses were conducted remotely, according to Wall Street Horizon, a data provider.
So far, about 400 listed U.S. companies have announced a date for their 2022 shareholder meeting, and of those, 68% are planning to host an in-person event, Wall Street Horizon said. But, in recent weeks, large corporations including meat producer Tyson Foods Inc. and medical technology company Becton Dickinson & Co. have altered their plans and moved to an online-only event, which some corporate advisers say is the prudent thing to do.