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Let's say I own some stock but don't care about the voting rights at all. Can I keep the stock but sell the right to vote on corporate issues to someone else?

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    Considering that most (non-institutional) shareholders couldn't care less about their voting rights, the sale value would probably be 0.0001 cent or so. – Aganju Dec 14 '18 at 17:34
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I don't know if you can sell them but there is a way to give your voting rights away by designating your proxy to vote as you direct.

For a annual meeting vote, most shareholders don't attend. Instead shareholders are given a mechanism to inform the corporation how they wish to vote on the items scheduled to be voted on. This mechanism was by mail in the past, but now it is more likely to be via the web, or even an app on somebody's phone.

If shares are held by a mutual fund they also vote in these corporate elections; these fund companies or public employees retirement funds can control significant number of votes.

When designating how to vote, the shareholder can direct them to vote yes, no, or to abstain. In some situations the proxy vote just wants to be counted as present for the purposes of achieving a quorum.

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Yes. Sort of.

In theory, you could loan your stocks to a short-seller for a fee. Investopedia says that the voting rights pass to the borrower (presumably until the sale), but if they are never the holder of record, it would be the buyer who then holds voting rights in the usual manner. Regardless, you’ll have relinquished voting rights for a fee.

When a security is transferred as part of the lending agreement, all rights are transferred to the borrower. This includes voting rights, the right to dividends and the rights to any other distributions. Often, the borrower sends payments equal to the dividends and other returns back to the lender. - Investopedia

Unfortunately, the parties doing the lending tend to be the 'big boys', rather than individual investors:

Securities lending is generally conducted between brokers and/or dealers and not individual investors. - Investopedia

I came across something purported to be investor-level stock-lending, but I have no experience with it:

For stock investments too, you can either hold on to your shares and wait for them to appreciate in value or lend your securities through the Security Lending and Borrowing (SLB) scheme to earn money in the interim. - Narendra Nathan, ET Bureau

By loaning your stocks, you can enter into an agreement where you continue to receive dividend payments and get your stocks back at some point determined by the agreement, earn some money and forego voting rights. If you package those pieces in a different way, you might consider this to be selling your voting rights while synthetically retaining all the other benefits of owning the shares.

If you're willing to go to the trouble of entering into an agreement, why not simply agree to accept a fee in return for sending the other party as your proxy? The pragmatic answer to that question is that there is an established market for loaning shares to short-sellers, whereas the market for buying proxy votes is, to be polite, considerably smaller - especially when a general meeting of the company isn't looming.

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    "When a security is transferred as part of the lending agreement, all rights are transferred to the borrower." Poorly worded article in the link. The borrower does not get the voting rights. He has sold the shares and is short. The 3rd party who bought the borrowed shares becomes the holder of record and controls the voting rights. – Bob Baerker Dec 14 '18 at 16:40
  • @BobBaerker I assumed it meant that the rights transferred to the borrower until the sale. Once sold, the voting rights go with the shares. For the one extending the loan, though, it is an effective mechanism for monetising their voting rights. – Lawrence Dec 15 '18 at 1:48
  • The right can't be transferred to the borrower because he is never long the equity. The initial buyer is the holder of record (along with the rights) until the sale to the third party occurs. This is a minor wording error on the part of Investopedia. FWIW, don't assume that their word is the financial gospel. They occasionally print misleading or incorrect information. – Bob Baerker Dec 15 '18 at 3:14
  • @BobBaerker Thanks, I’ve edited to address that point. – Lawrence Dec 15 '18 at 4:13
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If you want the financial benefits of owning the stock without voting rights, there are derivatives that can approximate that. For instance, buy a call option and sell a put option at the same strike price. Or just buy the most ITM call option you can find.

  • (1) You might want to note why you’re recommending long call + short put. Perhaps to participate in both upside and downside or to defray costs? (2) Long call alone works, but if it is deep ITM, wouldn’t this increase exposure on the downside without helping the upside? (3) Dividends, if any, aren’t paid to options holders, though they do factor into the pricing of the derivatives. – Lawrence Dec 15 '18 at 4:28
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You can buy some stocks as preference shares, who haven't the right to vote. Those stocks often have a slightly different development to the ordinary shares, but not necessary a better one.

But preference shares will give you advantage for dividents, at least in germany. There are some different variant of preference shares, and usually you get a higher divident or guaranteed dividents.

Since i am not sure if i used the right terms in english, i give you example stocks for Volkswagen:

ISIN: DE0007664039 - preference share

ISIN: DE0007664005 - ordinary share

The voting right stays at the company for a preference share, so you basically sell your vote to the company for better dividents.

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