Why does the Government place so many layers of regulation just to vote? Don't shareholders want it made easy for them vote on the future of the company?
The main problem is that technically, the DTC owns all the shares. So there needs to be a system in place so the DTC knows how to vote for the 'for practical purposes' shareholders
It's kind of like when you sublet your apartment . you're renting the place, but you are also renting it out, so who is the renter?
The simplest idea is that those who hold shares should vote. But that idea leads to the DTC casting all votes.
