The main problem is that technically, the DTC owns all the shares. So there needs to be a system in place so the DTC knows how to vote for the &#x27;for practical  purposes&#x27; shareholders<p>It&#x27;s kind of like when you sublet your apartment . you&#x27;re renting the place, but you are also renting it out, so who is the renter?<p>The simplest idea is that those who hold shares should vote. But that idea leads to the DTC casting all votes.