Which of the following statements regarding directors or trustees' participation in meetings is true?

The correct statement highlights the modern approach to corporate governance, which recognizes the importance of flexibility in how directors or trustees can participate in meetings. With advancements in technology, many corporations now allow directors to participate and vote through remote communication. This can include video conferencing or other electronic means, enabling those who may not be physically able to attend a meeting to still engage in the decision-making process. This inclusion facilitates broader participation and ensures that the insights and votes of directors are not restricted by geographical limitations.

The other statements do not align with the current practices that have emerged from the Revised Corporation Code, which embraces the use of technology in corporate meetings. The requirement for in-person attendance or physical presence is increasingly seen as outdated, as it can hinder participation. Similarly, the notion that directors must always vote by proxy limits their active engagement, which can negatively impact the decision-making process.