# Prof. David Yermack on the increasing number of virtual shareholder meetings

1 Faculty News March 17, 2015 ![The Washington Post logo](/sites/default/files/styles/246w/public/assets/images/con_031074.jpg?itok=f6OME_Rm)>

Excerpt from [The Washington Post](http://www.washingtonpost.com/blogs/on-leadership/wp/2015/03/17/more-companies-are-going-virtual-for-their-annual-shareholder-meetings/) -- "[David Yermack](http://w4.stern.nyu.edu/faculty/bio/david-yermack), a professor at New York University who has studied the location of shareholder meetings, says there's another reason that in-person annual meetings won't disappear too soon — long-standing rituals are hard to change without prompting doubts about the motives. 'This is a 400-year-old corporate norm, where once a year you have to face the owners of the company and answer for what you’ve done.'"

[Read more](http://www.washingtonpost.com/blogs/on-leadership/wp/2015/03/17/more-companies-are-going-virtual-for-their-annual-shareholder-meetings/)