I think the investors should NOT invest if they don't like the governance structure. This is calling "voting with your wallet".
I think the investors should NOT invest if they don't like the governance structure. This is calling "voting with your wallet".
There is the problem. The fund managers have legal requirements on what they invest in. They don't get a choice in some cases. Which means they sometimes are forced to invest in companies they don't like. (often they had input into the law in years past, but they never imaged this situation and so the law doesn't cover it)