From: Keith Price [BSAMetroDriver@cs.com]
I do not now, nor would I under your proposed rule, have any input into the nomination process for directors of the companies I own. I typically shred the ballots I receive because the risks of having my identity stolen, though small, are the only effect of returning a ballot. My vote has no effect.
True equity in the nomination process would have the same disruptive effect as a group of colonies proposing democracy and rejecting the rule of an oppressive monarchy. Who knows whether it would turn out as well?
Imagine directors serving whose interests were aligned with the company's customers, employees and other stakeholders? Imagine directors serving who represented the interests of the average middle class small investor?