kaal:claim:3117224-005

Unlike shareholders in traditional corporate structures who can vote for or nominate directors, ICO investors have no control whatsoever over promoters.

Source quote, verbatim

Unlike shareholders in the traditional corporate infrastructure who are able vote for or against directors or to nominate directors, ICO investors have not control over the promoters whatsoever.

From

Wulf A. Kaal, Initial Coin Offerings The Top 25 Jurisdictions and Their Comparative Regulatory Responses (2018), II. Regulatory Concerns, p. 4
https://ssrn.com/abstract=3117224 · source PDF

Cite as

Wulf A. Kaal, Initial Coin Offerings The Top 25 Jurisdictions and Their Comparative Regulatory Responses (2018). SSRN: https://ssrn.com/abstract=3117224

Classification

failuresupport: arguedfailure: absence-of-investor-controlfamily: investor-protection-gapgovernance-designcorporate-governancetokenomics

Related claims

restates kaal:claim:3067615-019 Token holders, unlike shareholders in the traditional corporate infrastructure, cannot vote for or against dir...

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