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According to a study by PricewatherhouseCoopers and Broadridge Financial Solutions, approximately 72% of shares held by...

According to a study by PricewatherhouseCoopers and Broadridge Financial Solutions, approximately 72% of shares held by individuals were not voted in 2014. Please explain why so many individual investors do not cast their votes in companies’ shareholder meetings.

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Answer #1

Individuals do not cast votes mainly because-

  1. Individuals have low shareholding and do not devote so much time to read the financial statements and agenda of the meeting.
  2. Individuals have low investment and cannot afford to travel to meeting venues.
  3. The individuals having low exposure do not really care much about voting in the company.
  4. Even if the individuals vote the shrare-holding of the institutional shareholders dominates the votes hence the voice of individual isn't really heard hence the individuals stop voting.
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