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Empty Voting and Hidden Ownership: Taxonomy, Implications, and Reforms Henry T.C. HU* Bernard Black**Most U.S. public companies have a one share, one vote capital structure, in which voting power is
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Empty voting and hidden refers to the situation where shareholders vote on corporate matters without economic interest or with undisclosed economic interest in order to manipulate the outcome.
Shareholders, especially institutional investors, are required to disclose empty voting and hidden interests.
Shareholders can fill out empty voting and hidden by submitting relevant disclosures to the appropriate regulatory authorities.
The purpose of empty voting and hidden disclosure is to promote transparency and prevent potential market manipulation.
Shareholders must report the extent of their voting interests and any potential conflicts of interest related to empty voting and hidden.
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