Part 2/13:
A fundamental point raised is the distinction between an institutional or individual shareholder actively voting "no" versus simply abstaining. If an investor chooses not to cast a vote or is unable to do so—for example, due to geographic constraints like being in Germany—those votes are effectively non-participations but still count as a "no" in the tally, at least in certain contexts. However, the rules fluctuate depending on the specific vote. For instance, in Tesla’s Texas redomestication vote, non-votes are counted as a "no," which can influence the outcome significantly.