[avisser]

> 10% vs 90% of share votes being on auto-pilot shouldn't matter?

I'm not familiar with these non-intervention clauses, but in the 10/90 scenario haven't you made it much easier to seize control of the company? Now I only need 5%+1 of the shares to do as I wish?

[everdev]

Or, it's easier to pass things with a shareholder vote because the index funds won't vote.