Michael Robe, CFA, is a junior analyst for a large financial institution and has been preparing an analysis of United Mines, a coal mining company located in the United States. As part of his research, he examines the company’s proxy voting and rules and practices. Which of the following policies would be considered the most restrictive to shareholders?
United Mines requires shareowner attendance to vote but coordinates the timing of its annual meeting to be held on the same day as other companies in the region.
When companies that require shareholder attendance to vote hold their meetings on the same day but in different locations, it prevents shareholders from attending all the meetings and therefore exercising their full voting rights