Investor Suffrage Movement (Full Article)
By Glyn Holton | November/December 2006Financial Analysts Journal, Vol. 62, No. 6 (© 2006, CFA Institute).
Financial consultant Glyn Holton proposes a unique scheme for democratizing capitalism through the use of proxy exchanges that allow shareholders to conveniently secure, transfer, aggregate, and exercise their voting rights. Proxy exchanges would encourage shareholders to participate and reassert control over the corporations they own. He believes that improved investor suffrage will help reform the system of managerial capitalism by which managers have found ways to enrich themselves at the expense of owners and ethical behavior.
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