SB 217 -- CORPORATE SHAREHOLDER MEETINGS

SPONSOR:  Goodman (Stevenson)

COMMITTEE ACTION:  Voted "do pass" by the Committee on Judiciary
by a vote of 12 to 0 with 2 present.

This bill allows shareholders and proxyholders of Missouri
corporations to participate in shareholder meetings by remote
communication if authorized by the board of directors and subject
to any guidelines and procedures that the board adopts.  The
corporation must implement reasonable measures to verify that
each person participating by remote communication is a
shareholder or proxyholder and that each is provided an
opportunity to participate in the meeting and to vote on
submitted matters.  A record of the vote or other action must be
maintained by the corporation.

FISCAL NOTE:  No impact on state funds in FY 2010, FY 2011, and
FY 2012.

PROPONENTS:  Supporters say that the bill will put into statute
what is already common practice in the state and will make
Missouri consistent with what many states have already done.

Testifying for the bill was Senator Goodman.

OPPONENTS:  There was no opposition voiced to the committee.

Missouri House of Representatives
95th General Assembly, 1st Regular Session
Last Updated November 17, 2009 at 9:26 am