#UniversalOwners

Rule 14a-8: A Failed Experiment in Merit Regulation (Still) Rule 14a-8; Alan Palmeter's proposal would entrench managers and weaken the only scalable tool most investors have to hold boards accountable

Rule 14a-8; Alan Palmeter's proposal would entrench managers and weaken the only scalable tool most investors have to hold boards accountable #UniversalOwners, #Accountability, #CorpGov, #ESG, #SEC, #stewardship

If - and that's a very big if - mega fund managers were seriously committed to being #universalowners there might be a case for this kind of PR.

But they aren't. Blackrock & other US investors have walked backed from their earlier very minimal ESG commitments

www.forbes.com/sites/michae...

@jacobhacker.bsky.social

Do you know if any US political economists have considered the possibility that #universalowners might help to fill the vacuum that Trump2 will create?

Great starter pack btw! 👏🏾

go.bsky.app/M6p7Ahw