The spread of COVID-19 has altered how companies conduct business and highlights the need for flexibility brought about by the uncertainty. Just as measures have been taken across the United States to transition operations to a virtual workspace, many companies are now considering hosting their annual shareholder meetings in a virtual space. In implementing a transition to virtual meetings, both private and public companies should look to applicable state law, their governing documents, and, to the extent applicable, the recent guidance released by the Securities and Exchange Commission in their consideration of implementing virtual meetings.

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