Empowerment by Proxy: Worker Voice, Proxy Voting, and Fiduciary Design

Empowerment by Proxy™ is a research-stage institutional design for democratic capitalism. It asks whether investors who retain full economic ownership of their securities could voluntarily delegate a narrow, revocable portion of shareholder voting authority into a worker-governed stewardship process, while a registered investment adviser preserves client-specific fiduciary review and the custodian preserves control of the assets and market plumbing.