I wonder what would happen if pensions, funds and other would pass through voting rights of the share they own to the fund share owners.
This way if you own a share in a fund or have a right in pension, if the fund chooses to buy shares of company A, when there is a shareholder vote of company A instead having the fund manager to vote, the fund manager would transmit this voting rights to you.
I would literally get hundreds of votes a year from all the index funds in my savings plans.
Everybody would give management their proxy, same as fund managers do now, or corporate governorship would grind to a halt as they never reached quorum at shareholder votes.
This would overwhelm the Little Guy, and he just wouldn’t vote. The reality is that few will go through the hundreds of companies to vote on all the things.
This way if you own a share in a fund or have a right in pension, if the fund chooses to buy shares of company A, when there is a shareholder vote of company A instead having the fund manager to vote, the fund manager would transmit this voting rights to you.