Advances in electronic communication technology promise to invigorate shareholder meetings as a viable tool for corporate governance, for example by decreasing the cost, and thereby in creasing the frequency and effectiveness, of shareholder voting. Increased use of information technology in foreign country force renewed focus on issues related to shareholder meeting process in Korea. Such issues are electronic delivery of notice, electronic proxies, electronic attendance at shareholder meetings. In Korea, many commentators have treated electronic voting and electronic attendance at shareholder meetings as illegal. But in foreign country such as America, corporations are increasingly encouraging their shareholders to vote electronically. An increasing number of companies allow to attend at shareholder meetings via the Internet and to ask questions during the meeting. States have been amending their corporate statutes to keep pace with emerging technologies. This article discusses the necessities of electronic shareholder meetings, legal means to realize electronic shareholder meetings and direction of amending corporate law. In conclusion, this article argue the as information technology improves and advances, corporate law should evolve to allow shareholders voting and attending a meeting via the Internet.

Advances in electronic communication technology promise to invigorate shareholder meetings as a viable tool for corporate governance, for example by decreasing the cost, and thereby in creasing the frequency and effectiveness, of shareholder voting. Increased use of information technology in foreign country force renewed focus on issues related to shareholder meeting process in Korea. Such issues are electronic delivery of notice, electronic proxies, electronic attendance at shareholder meetings. In Korea, many commentators have treated electronic voting and electronic attendance at shareholder meetings as illegal. But in foreign country such as America, corporations are increasingly encouraging their shareholders to vote electronically. An increasing number of companies allow to attend at shareholder meetings via the Internet and to ask questions during the meeting. States have been amending their corporate statutes to keep pace with emerging technologies. This article discusses the necessities of electronic shareholder meetings, legal means to realize electronic shareholder meetings and direction of amending corporate law. In conclusion, this article argue the as information technology improves and advances, corporate law should evolve to allow shareholders voting and attending a meeting via the Internet.

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electronic voting, electronic shareholder meeting, virtual shareholder meeting, information technology