I was CIO for PIRC.co.uk for some years and this is a fascinating topic, and I wish I had more time for this.
I assume you are using Banzhaf Indexes (If I spelt that right!) to determine the "swing vote" power.
I have long thought there is potential for individual investors in say pension funds to be allowed to vote their 'beneficial' (#) holding their way - so the controversial measures start to become more democratic. One day I will persuade a pension fund to try this, but that might just play havoc with your analysis :-)
Out of interest, how much of say the Dow have shareholders that hold 'disproportionate' power ? _ say 10% more influence than their vote count would suggest?
Just went over to PIRC, very cool! I'd love to have a short chat some time. I'm interested in the UK market because a very high percentage of the ownership in public companies is known. Nothing like tiny error bars :P
That's an interesting idea with the pension funds. It might cause a hiccup in the analysis bybincreasing the percentage of unknown stockholders, Proxy Solicitor would love it since the retail campaigns are highly profitable.
I've been tossing around the idea of partnering with a website like moxyvote that has retail investors following these issues. I think it would be interesting to let them indicate their intended vote then calculate their collective power. I think it would be motivating and increase turnout.
In answer to you question about the Dow I have not run them as a set, but I've never worked on a company yet that didn't have at least one shareholder that met that criteria.
Email me at T@RotaryGallop.com if you'd like to chat.
I assume you are using Banzhaf Indexes (If I spelt that right!) to determine the "swing vote" power.
I have long thought there is potential for individual investors in say pension funds to be allowed to vote their 'beneficial' (#) holding their way - so the controversial measures start to become more democratic. One day I will persuade a pension fund to try this, but that might just play havoc with your analysis :-)
Out of interest, how much of say the Dow have shareholders that hold 'disproportionate' power ? _ say 10% more influence than their vote count would suggest?
Good luck !
(#) I don't think the term I mean exists.
edit: * -> # to avoid italics