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A Glimpse of a Future With True Shareholder Democracy Big stock funds own increasingly large chunks of publicly traded companies, leaving fund shareholders without a vote on corporate governance. But there’s a better way. John Coates wrote in 2018, “Control of most public companies that is, the wealthiest organizations in the world, with more revenue than most states will soon be concentrated in the hands of a dozen or fewer people.”Credit.Mark Ostow May 21, 2021 In the near future, giant index funds, those low-cost investments that have helped millions of people to build nest eggs, will gain “practical power over the majority of U.S. public companies.” ....
Index fund investors can now weigh in on S&P 500® corporate resolutions, a landmark announcement from ONEFUND Share Article ONEFUND launches Index Proxy Polling for flagship fund, INDEX. An investor driven solution to the growing institutional monopoly of index funds. “Who better knows the best interests of the shareholder than the shareholder themselves? Their input is vital. We think this is a transformative first step that the industry will eventually follow.” said Mike Willis, Founder of ONEFUND HONOLULU, Hawaii (PRWEB) January 14, 2021 ONEFUND, a private, independent FinTech company, today announced that it has added Index Proxy Polling as a shareholder feature for its S&P 500® Equal Weight index fund, ticker symbol INDEX. Index Proxy Polling enables shareholders to weigh in on important resolutions from 500 of America’s largest corporations. From Environmental, Social and Gover ....