Wednesday, October 12, 2005

Click and be counted


Why can’t more shareholders in Europe cast their votes electronically?

It’s usually a compliment, but when comparisons to Japanese companies are made in the context of corporate governance, it’s anything but. Still, in at least one area, European companies could learn a thing or two from this year’s AGM season in Japan.

This summer, around 400 Japanese companies let investors vote over the internet, and more than 100 firms also collected votes cast via mobile phones. A similar use of technology in Europe is thin on the ground—when AGM season comes around, many investors are swamped with paperwork and have to attend meetings in person to cast their votes.

See full Article.