Planet Image International has announced its 2025 annual meeting and mailed out proxy materials to shareholders. While the company pitches this as an opportunity for investors to have a say in key decisions, the reality is less empowering. Proxy materials are often filled with dense legal jargon, and by the time most shareholders vote, the decisions are already made by institutional investors with the real power. The annual meeting has become more of a corporate formality than a true exercise in shareholder democracy. Most shareholders don’t attend and rely on proxy voting, leaving the big decisions in the hands of a few.
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