Most annual shareholder meetings are nothing more than a required dog-and-pony show. Genworth Financial’s annual shareholder meeting held on May 15, 2013, was no exception. Several improvements could be made to make these meetings more inviting.
Does it really matter if you cast your votes in shareholder elections? Probably not if you are a small investor. But if so few are participating, can we blame corporations for forgetting whom they serve?
My first experience with these shareholder meetings was a major turnoff. In March 2009, I purchased a limited number of shares of Genworth (GNW) stock for reasons I do not proudly share among value investors.