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Author Topic: Reforming corporate democracy
Brian White
rabble-rouser
Babbler # 8013

posted 01 December 2005 03:09 AM      Profile for Brian White   Author's Homepage     Send New Private Message      Edit/Delete Post  Reply With Quote 
I stated that Gordon Campbell's 60% rule is invalidated by the principle of one person, one vote and Shareholder democracy was held up as a shining example of how it was ok to discount some peoples votes. (a 60% approval percentage in a referendum, gives the 40% people 1.5 votes compared to 1 vote each for the 60% people.
So, anyway, lets look at it differently.
Is there any ways of improving shareholder "democracy"to make it fairer? I accept that the one person one vote thing does not apply to shareholders in their company meetings. It is based on how much of the company you have.
Brian
quote:
66Scorpio
recent-rabble-rouser
Babbler # 11199

posted 30 November 2005 06:54 PM
There is no principle of democracy that states that any question can be decided merely by 50%+1 vote of the votes cast. Indeed there are many situations that legitimately require sizeable quorums and supermajorities to alter the status quo.

The simplest to understand is in corporate management. A corporation can make various changes with the approval of 50%+1 vote of the shareholders. Fundamental changes require either 2/3 or 3/4 support.

Why would we muck about by making fundamental changes to the FPTP system that has served us will for hundreds of years is beyond me when there are other, simpler, less drastic options available to fix the system?

PS: A simple majority cannot dissolve a corporation; why should a simple majority of Quebecers be able to dissolve the entire nation?


[ 17 December 2005: Message edited by: robbie_dee ]


From: Victoria Bc | Registered: Jan 2005  |  IP: Logged
The Baboon
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Babbler # 8558

posted 17 December 2005 09:18 PM      Profile for The Baboon        Edit/Delete Post  Reply With Quote 
Well, one reason to stick with a simple majority is that mathematically speaking, there's no reason to choose any one supermajority over another. Why 60% and not 55% or 62.413%?

Another argument against supermajorities is that they assume that we should be biased in favour of the status quo, and while some proponents of the status quo might think that's a good thing, almost no opponent of it will.

[ 17 December 2005: Message edited by: The Baboon ]


From: Interior British Columbia | Registered: Mar 2005  |  IP: Logged
robbie_dee
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Babbler # 195

posted 17 December 2005 10:39 PM      Profile for robbie_dee     Send New Private Message      Edit/Delete Post  Reply With Quote 
Brian - I edited your post above to make it clear what part of the post was your comments and what part was the post you were quoting. Next time you might want to use the "quote" feature of this bulletin board, which is available under the "Instant Formatting" options you see when you are typing a post.

When you are starting a new thread about a post in another thread, you might also want to drop a link to the original thread where the quote originated. I did a search and saw that the thread you were referencing was this one: 60% referendum hurdle an assault on voting equality?

[ 17 December 2005: Message edited by: robbie_dee ]


From: Iron City | Registered: Apr 2001  |  IP: Logged
robbie_dee
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Babbler # 195

posted 17 December 2005 10:50 PM      Profile for robbie_dee     Send New Private Message      Edit/Delete Post  Reply With Quote 
On the substance of your post, Brian, you might be interested in reading more about the Capital Stewardship Program promoted by the AFL-CIO here in the USA. The AFL-CIO is particularly interested in leveraging the large financial wealth of union pension funds, both to achieve positive overall social change and also to deliver the best return on their investments. One cause they have frequently got behind is annual shareholder majority votes for corporate directors.
From: Iron City | Registered: Apr 2001  |  IP: Logged

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