Corporate democracy fails when ownership lacks informed voice. Why do shareholders with extensive legal rights so often have so little real influence? Corporate Disenfranchisement, by Sergio Alberto Gramitto Ricci and Christina Sautter, describes the problem as a “rights–power gap.” Corporate governance gives shareholders formal tools—votes, proposals, litigation rights—but the institutional environment often prevents most investors […]
“Shareholder primacy is good for companies, employees, and even for other stakeholders,” Nell Minow recently said in a recent Keynote Address to ICGN. She also referenced an old, but still timely, “New Yorker cartoon with a woman raising her hand at an annual shareholder meeting, and one of the executives whispering to another, ‘This is […]
Values-Primacy & Total Governance Through Activism, by Carliss Chatman and Sergio Gramitto Ricci, argues that everyday stakeholder actions—walkouts, boycotts, consumer backlash, viral campaigns, and proxy voting—function as a real, if often unacknowledged, system of corporate governance. When individuals coordinate across their multiple social roles (worker, consumer, investor, community member), they shape corporate identity more durably […]
Center for Retail Investors & Corporate Inclusion (the RICI Center) is the first academic Center focused on retail shareholders. Professors Sergio Alberto Gramitto Ricci (UMKC Law & Brooklyn Law) and Christina Sautter (SMU Law & a Visiting Fellow at the London School of Economics & Political Science (LSE) Law School) launched the nonprofit Center for […]
Corporate Governance Gaming: The Power of Retail Investors is delicious snacking, not just for Robinhood and Reddit GenZ’ers, but also for some Boomers who have tried to democratize corporate governance for decades. How many times have we rolled our eyes reading about GameStop and the frenzy of meme stocks? Crazy? Yes, but also exuding potential, explored […]