Corporate decision-making impacts the air we breathe, the water we drink, the chemicals in our food, our working conditions, and so much more. Luckily, there is a built-in mechanism to hold companies accountable: the shareholder vote.
Most companies follow the one share, one vote rule: for each share you purchase, you get the right to cast a vote. The more shares you purchase, the more votes you can cast. The shareholder vote is the most direct, democratic way to impact corporate behavior.
Through voting, shareholders can approve or reject:
But there’s one big problem. 88% of people don’t vote their shares (see e.g., https://corpgov.law.harvard.edu/2019/11/19/retail-shareholder-participation/). That’s a huge number, more than enough to tip the scales in shareholder elections.
Iconik solves this problem through vote delegation - giving your voting rights to someone you trust. By pooling our voting rights together, we can collectively flex our shareholder muscle. Together, we can help achieve incredible things.
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