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State and Local Government Law
Estonia; blockchain; corporate governance; shareholders; New York; Delaware; cyber security; voting; government services; E-Estonia; encryption; Nasdaq; e-Residency; proxy; annual meeting; securities; ledger; permissioned; unpermissioned; tokens; vote coins; wallet; corporation laws; board of directors; Depository Trust Company; DTC; 14a-13; Exchange Act; NOBO; SEC; derivative; shareholder activism; Procter & Gamble; Nelson Peltz
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“Estonia’S Gift To The World”: The Implementation Of A Blockchain Protocol For Corporate Governance In New York, Sydney Lauren Abualy
“Estonia’S Gift To The World”: The Implementation Of A Blockchain Protocol For Corporate Governance In New York, Sydney Lauren Abualy
Brooklyn Journal of Corporate, Financial & Commercial Law
The traditional procedures of corporate governance are not designed to resolve issues related to close outcomes of corporate votes, empty voting practices, the proxy voting protocol, verification of shareholder identities, and access to corporate records. Blockchain technology allows all corporate shareholders to participate in corporate governance more conveniently, with increased transparency, on a secure network. Estonia sought to revolutionize corporate governance by facilitating the development of a blockchain based e-voting protocol for shareholders of companies listed on the Tallinn Stock Exchange to vote in shareholder meetings. After unsuccessful attempts, New York stands well behind other states, such as Delaware, in …