How To Vote The Shares Of A Social Wealth Fund

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Following up on last week's New York Times article, Matt Bruenig discusses three ways that a social wealth fund could vote in things like board elections and shareholder resolutions. Because the SWF, if implemented, will own shares in many companies, it will have the right to vote in these kinds of company elections.

The first approach is to not vote in them at all and be a truly passive owner. The second is to have fund administrators vote according to concrete guidelines and principles established by the fund, as in Norway. The final way is to allow citizen-shareholders themselves to vote or to allow them to delegate their vote to a group that they trust with it.