reform based on this critique of shareholders' rational ignorance. The challenges of rational ignorance, as well as related … corporate policy in voting on shareholder matters. However, most shareholders are typically passive investors with incomplete … shareholder voting can be about not only the quantum of power that shareholders ought to hold vis-à-vis the board, but also about …

records over the period 2015-2017. Contrary to public perception, wefind that retail shareholders are an influential voting … their portfolio. Retail shareholders with large stock portfoliosand low opportunity costs are most likely to turn out. In … recommendations thanthat of large mutual funds. Retail shareholders can be divided into two blocs. The first are highlyinfluential …

We explore Time-Phased Voting (“TPV”), an arrangement in which long-term shareholders receive more votes per share than … short-term shareholders. TPV has gained prominence in recent years as a proposed remedy for perceived corporate myopia. We …-class stock. By decreasing the influence of short-term shareholders, TPV may encourage managers to act in the long-term interests …

between corporate management and shareholders illustrate, voting has never been more important. Yet, traditional theory about … fundamental changes as to who shareholders are and their incentives to vote (or not vote). In the first section of the article, we …, regularly using the ballot box to pressure targeted firms to create shareholder value, thereby giving institutional shareholders …

Dual-class share unifications have typically been argued to be beneficial for voting shareholders. In the unification …, voting shareholders are usually compensated for the loss of their superior voting privilege. However, no covenants exist that … make this compensation mandatory for voting shareholders. In this paper, we examine a subset of dual class share …