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Reforming the U.S Stockholding and Voting Systems

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dc.contributor.authorAl Sharqawi, Hadeel
dc.contributor.rorhttps://ror.org/02jjdwm75
dc.date.accessioned2024-07-08T13:15:41Z
dc.date.available2024-07-08T13:15:41Z
dc.date.issued2020
dc.description.abstractThe introduction of the indirect holding system ("IHS") in the US caused serious inefficiencies to shareholder voting. The stockholding system could no longer trace share ownership to any particular shareholder. This triggered a series of legal changes,among them the creation of a proxy voting system where voting rights are passed from the central security depository ("CSD"),to brokers/ banks,and other types of intermediaries in the IHS all the way to shareholders. Procedural complexity and ownership opacity yield voting pathologies that undermine the integrity of the voting mechanism. However,blockchain offers a revolutionary solution. It enables the tracing of share ownership to former and current shareholders,and thus,promises to mitigate or eliminate voting pathologies. Notwithstanding,adoption remains largely contingent on resolving current regulatory gaps and technical design issues. © 2020 Universidad Pompeu Fabra. All Rights Reserved.
dc.description.keywordblockchain
dc.description.keywordindirect holding system
dc.description.keywordvoting pathalogies
dc.formatapplication/pdf
dc.identifier.citationAl Sharqawi, H. (2020). Reforming the US Stockholding and voting systems. InDret, 3.
dc.identifier.doihttps://doi.org/10.31009/InDret.2020.i3.14
dc.identifier.issn1698739X
dc.identifier.officialurlhttps://www.scopus.com/inward/record.uri?eid=2-s2.0-85152676964&doi=10.31009%2fInDret.2020.i3.14&partnerID=40&md5=0217a514c86ef39bec5d13a752999660
dc.identifier.urihttps://hdl.handle.net/20.500.14417/3199
dc.journal.titleInDret
dc.language.isoeng
dc.page.final477
dc.page.initial438
dc.page.total0
dc.publisherUniversidad Pompeu Fabra
dc.relation.entityIE University
dc.relation.schoolIE Business School
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International
dc.rights.accessRightsinfo:eu-repo/semantics/openAccess
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subjectblockchain; indirect holding system; voting pathalogies
dc.subject.keywordblockchain
dc.subject.keywordindirect holding system
dc.subject.keywordvoting pathalogies
dc.titleReforming the U.S Stockholding and Voting Systems
dc.title.alternative[Reforma de los sistemas de votación y retención de acciones en los Estados Unidos]
dc.typeinfo:eu-repo/semantics/article
dc.version.typeinfo:eu-repo/semantics/publishedVersion
dc.volume.number3
dspace.entity.typePublication
person.identifier.scopus-author-id58185562000
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