The problem is that the 'Shareholders' the
headline refers to are only fiduciaries for the REAL shareholders. They latter
are systematically disenfranchised, by political decision, regulation and the
self-interested activities of the intermediaries - to save cost, have a simpler
life. So the first step - before demanding legislation - would be to empower
the real investors, take power away from fund managers and proxy advisers.
Anyone with a serious interest to improve governance should contact us. (9 May 2018)
Last week, the SEC’s Office of the Investor Advocate – which is also known
as the “OIAD” – announced that it had delivered this 24-page report to
Congress ...
18 hours ago
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