[ThrustVectoring]

You can't ban separating out economic interest and formal title to the shares without banning options, forward contracts, and other derivatives on the stock. Like, these are not unusual contractual arrangements. These are standardized and sold on the market. Put options transfer the downside risk to the writer, call options transfer the upside risk to the buyer, futures contracts essentially do both.

[notahacker]

My point was you'd ban titleholders from selling a contract directing them to exercise their votes as a delegate of the purchaser, not the more general separation of title and economic interest which is obviously valuable for a large number of reasons.

(I mean, it's still a bit messy because fund managers have a fidicuary duty to exercise their voting rights on behalf of their own shareholders, but I don't have the ability to dictate a new aggressively activist investor policy to Vanguard)

[eries]

Actually you can do this, without banning those instruments. You have to find a way to make sure when someone creates one of those derivatives the system automatically forfeits the associated votes.