Full-Capitalization System: Workers should exercise all their rights
(with Francisco Cabezón)
In the Chilean pension system, workers mandatory invest their savings in the stock market and receive the returns of this investment at the moment of retirement. However, they never use their right to participate and vote in shareholders' meetings. We propose that workers start participating in the election of the board of directors of each company where their savings are invested. Our proposal is simple, does not change the existing voting mechanism, and it is of easy implementation.
(document in Spanish)