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May 31, 2001

Virtual reality

German companies can now offer electronic proxy voting, but it's unclear whether shareholders will take the virtual opportunity. Advantec, Celanese and Siemens are pioneers. Plus this month's technology round-up

It was the Berlin venture capital company Advantec that set the ball rolling on March 30 by staging Germany's first quasi-virtual annual shareholder meeting. Since the end of January, German law has allowed shareholders to indirectly vote on their stock over the internet. However, the recent legal changes do not go so far that an annual meeting can be held purely over the net. Meetings must still take place physically and proxy votes must be exercised by a person present at the assembly. Holders

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