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How technology could serve to overcome obstacles to active ownership

Author

Listed:
  • Hölz, Christiane

    (Managing Director, Deutsche Schutzvereinigung für Wertpapierbesitz, Germany)

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.

Suggested Citation

  • Hölz, Christiane, 2023. "How technology could serve to overcome obstacles to active ownership," Journal of Securities Operations & Custody, Henry Stewart Publications, vol. 15(3), pages 251-259, June.
    • Handle: RePEc:aza:jsoc00:y:2023:v:15:i:3:p:251-259
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    More about this item

    Keywords

    shareholder voting; CSDs; intermediated securities; blockchain; DLT; engagement; corporate governance;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law

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