Bill > H3365

This bill amends Section 7.08 of Chapter 156D of the Massachusetts General Laws to expand the ability of public corporations to hold annual and special shareholder meetings entirely through remote communication technologies. Under the proposed change, corporations would be permitted to conduct meetings solely via digital platforms, without requiring a physical meeting location, provided that the board of directors authorizes such remote meetings. The bill allows shareholders and proxy holders who are not physically present to participate in these meetings through remote communication methods, subject to guidelines and procedures established by the corporation's board of directors. This legislative change reflects the growing trend of using technology to facilitate corporate governance, particularly in response to challenges like the COVID-19 pandemic that have highlighted the need for flexible meeting formats. By explicitly permitting fully remote meetings for public corporations, the bill provides clear legal authorization for a practice that has become increasingly common in modern business operations.

Government Affairs

https://malegislature.gov/Bills/194/H3365