Index funds track the market without analyzing individual firms, yet the Big Three now dominate proxy votes across corporate America. Requiring passive funds to abstain from voting—or to pass votes through to underlying investors—would separate low‑fee diversification from political control of companies.
— This would reset who governs major corporations, constraining ESG and other ideological campaigns driven by concentrated intermediary power.
2025.09.08
75% relevant
The call to 'rein in index funds’ shareholder activism' (Vanguard, BlackRock, State Street) matches the proposal to curtail passive funds’ voting power to prevent ideology-driven governance.
James R. Copland
2025.09.05
100% relevant
James R. Copland’s call for mandatory abstentions and Sen. Dan Sullivan’s INDEX Act to pass voting rights through to fund investors.
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