Technology neutrality in distributing company meeting notices and materials
We understand that the reform proposals would allow companies to serve notices of meetings by using one or more of the following methods of communication:
Method A: a universally or near-universally accepted channel of communication as a default method. The examples given are distribution of notices by mail or by mobile phone;
Method B: an alternative method of communication with the consent (implicit or explicit) of the shareholder; and
Method C: an alternative method of communication that the company deems to be effective.
The Committee is very supportive of the Government’s technology-neutral objective, and considers that the proposed reforms could be simplified and strengthened to further improve communication between companies and shareholders.