CII urges SEC not to approve Texas Stock Exchange’s Ppans to require brokers to vote uninstructed shares

The implications could be particularly significant at companies with dual class share structures. In such cases, proportional allocation of uninstructed shares could reinforce existing control arrangements by increasing the influence of already dominant voting blocs, potentially making it more difficult for minority investors to affect outcomes despite holding substantial economic interests. Jack Grogan-Fenn, Texas Stock Exchange voting proposal could reshape shareholder influence, Minerva Analytics (Aug. 6, 2026)