How technology could serve to overcome obstacles to active ownership

Christiane Hölz
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Christiane Hölz: Managing Director, Deutsche Schutzvereinigung für Wertpapierbesitz, Germany

Journal of Securities Operations & Custody, 2023, vol. 15, issue 3, 251-259

Abstract: Shareholder voting is the cornerstone of corporate governance and accountability, and necessary to reduce the agency problems that exist in corporate settings and limit their related costs. Taking an investor survey as a starting point, this paper delves into the obstacles shareholders currently face when wanting to exercise their voting rights, and notes several EU initiatives to tackle the problem. It continues to reveal the reasons for the main obstacles and offers ideas to remodel the existing intermediated shareholder voting setup through new technologies, such as DLT, to simplify the voting process and enhance (retail) investor engagement in corporate decision taking.

Keywords: shareholder voting; CSDs; intermediated securities; blockchain; DLT; engagement; corporate governance (search for similar items in EconPapers)
JEL-codes: E5 G2 K22 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jsoc00:y:2023:v:15:i:3:p:251-259

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