Otherwise, it's a nice state you've got there, it would be a shame if companies decided to move away to other states that allow them to completely silence and subordinate shareholders.

#secreg #corpgov #racetothebottom #ESG

He suggested that the SEC will certify a question to the Delaware Supreme Court to confirm this if confronted with the issue (which it certainly will be), & hinted that the Delaware Supreme Court should (1) act swiftly to issue an opinion & (2) confirm the SEC's understanding of Delaware law.

Essentially, Chair Atkins revealed that the SEC now believes (after 80 years of holding a different view) that all 14a-8 Shareholder Proposals on "precatory" (non-binding) resolutions are excludable because Delaware corporate law does not give shareholders a right to present a non-binding proposal.

if the project of the roberts court is to create an imperial SCOTUS and an imperial presidency, it is worth noting that one of those institutions has access to actual force, and one of them doesn’t

This created winners--people who now want to remake our politics on the corporate model.

www.promarket.org/2025/03/03/d...

TLDL: In corporate governance, we've nurtured passive citizenship, delegated voting, & unequal voting rights; normalized autocratic leadership & incumbent control of elections; failed to create meaningful collective action for the "citizens" of enterprise; & killed investor self-government.

The most astonishing thing about the podcast is the interview with Patri Friedman, grandson of Milton Friedman, at about 9:00. Friedman is a backer of Prospera, a "startup city" in Honduras (a private political jurisdiction), who argues that "government should be run like a business."

Curious about efforts to introduce proxy voting to political elections? Listen to this podcast from @revealnews.org about the "pro-natalism" movement. Some pro-natalists argue that a "head of household" should get a proxy vote for each child.
revealnews.org/podcast/pron...

Now, political voices on the right are proposing stake-based/unequal voting and proxy voting for our political elections, in order to remake government on the business model.