[triceratops]

> It would have to exercise voting privileges

There's never a requirement to vote your shares. I've never cast a single shareholder vote in my life. The fund could be legally required to not exercise any votes.

> be a party to lawsuits

Since when are shareholders a party to lawsuits? It's called limited liability for a reason.

> Do you want Trump getting control of the board

I'd normally say "legally structure it so that doesn't happen" and "follow best practices".But laws only mean anything if someone enforces them. If the government doesn't function correctly no government function can work correctly.