One share can be voted numerous times by different investors, skewing results and hurting shareholder rights
One share, one vote. It’s a simple principle. But in reality, it may be one share, two or three votes – perhaps even more. Brilliant blue skies may mark the start of proxy season, but that time of year can also bring a disruptive dimension to shareholder democracy: over-voting.Conventional shareholder democracy dictates, as most stock owners would believe, that one share does equal one vote (with the exception of dual-share classes). But largely unknown to some of their clients, securities
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