Foley Partner Patrick Quick was quoted in an article that appeared in Corporate Secretary on May 1, 2010 titled “First encounters.” Quick discusses the increase of direct communications between directors and investors, noting that it is important for directors to communicate with powerful shareholders so that they do not leverage their power against management and the board. He adds that it is a good idea for a company IR officer to be present during director-shareholder meetings to raise the red flag if dialogue starts moving into forbidden waters.
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