> The extremely simple and correct solution here is to not let index funds themselves vote. Only allow the votes to be cast directly by the index share holders.

> The extremely simple and correct solution here is to not let index funds themselves vote. Only allow the votes to be cast directly by the index share holders. Problem solved, I don't know why people keep hand wringing about this and not suggesting the supremely obvious solution here. This is somewhat addressed in the article. One of the criticisms is that index founds don't do enough, resulting in more power to the CEO and less oversight. Giving voting power to individual owners would reduce engagement even further, giving even more power to the CEO. There might be some ways to improve this (let investors transfer voting power to e.g. non-profit organisation who vote for them) it's unclear if this would not simply shift the problem