Jun. 27, 2023
Some people have interpreted this proposal as granting voting rights in companies to derivatives holders. This would be anti-competitive and stifle proper company growth. Shareholders own companies. Shareholders have vested interests that are aligned with the companies future. Granting derivatives holders voting rights would allow big money, market players to have leveraged influenced over a company. Shareholders in companies are always invested in the future health and success of their company. I believe this provides a healthy barrier of entry for any nefarious influence, whether it be someone who is net short a company or a competitor of theirs, to influence company direction. Allowing derivative holders voting rights in corporations would open this possibility right up, where it didn’t exist before. Derivative holders SHOULD NOT have voting rights, because their interests may not be aligned with the company. Thanks for your consideration. Matthew,