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> Shareholders literally own the company and thus hold all the strings. This implication doesn't have to be true though - it's a political choice. There are (
by atq2119 4y ago
> Shareholders literally own the company and thus hold all the strings.
This implication doesn't have to be true though - it's a political choice.
There are (well developed) countries in which worker representatives have a significant amount of board vote shares by law, usually applicable to companies beyond a certain size.
- FredPret 4y agoAs a shareholder, I’d never vote to continue employee-unfriendly policies in a knowledge work company. There are too many shareholders that merely rubberstamp the decisions that come up at AGMs.
- rmah 4y agoMy understanding is that in those nations, non-shareholders have board representation, not voting control. I.e. they have people on the board to hear what's discussed and give them a voice in deliberations, but no actual control. Is my understanding incorrect?