Gadflies in the Boardroom are an Inversion of Shareholder Democracy
America’s corporate proxy season is officially underway, and for another consecutive year activists are calling the shots. So far in 2021 a record number of social and environmental-focused proposal are on the ballot—continuing a shift in this annual forum from the concerns of normal investors to a small but vocal minority. Q1 2021 hedge fund letters, conferences and more Putting Proposals On The Corporate BallotFederal securities laws provide shareholders with an opportunity to put proposals on the corporate ballot, that then go up for a vote at the company’s annual meeting. This process is f...