Shareholder Franchise

Section 3 of 3

Eight streams, six channels, four tests.

Long-form source as of June 9, 2026

The matrix shows where each stream sits in the SMU CGI six-channel governance taxonomy. Channel 2 (ballot access via Broadridge/DTCC) is intentionally empty because it is treated as background, not a dedicated stream. The rubric below makes V07’s four empirical tests visible alongside source-status.

Channel × Stream matrix — where the eight streams sit across the six governance channels CHANNEL × STREAM MATRIX Eight streams across six governance channels · Ch. 2 (ballot access) intentionally empty: background only Ch. 1 Proposal access Ch. 2 Ballot access (bac background only Ch. 3 Vote advice Ch. 4 Vote execution Ch. 5 Litigation forum Ch. 6 Courthouse access S01 Precatory proposals S02 No-action retreat S03 Exempt solicitations S04 Texas SB 1057 / §21.373 S05 Retail auto-voting S06 Proxy-advisor regulation S07 Arbitration waivers S08 Exclusion litigation 4 0 1 1 1 1 streams SMU CGI analytic taxonomy · hydrates from v07_summary.json
Figure 2. Channel × Stream matrix. Eight streams (rows) across the six SMU CGI governance channels (columns). Filled cells indicate the dedicated channel each stream addresses. The empty Channel 2 column makes the background-vs-engaged distinction visible: Broadridge/DTCC ballot-access infrastructure is not the subject of a dedicated stream in this build.
Empirical disambiguation rubric — TX § 21.373 vs DE Rule 14a-8(i)(1) EMPIRICAL DISAMBIGUATION RUBRIC Four pre-specified tests · Texas § 21.373 vs Delaware Rule 14a-8(i)(1) · source-status by cell Texas § 21.373 statutory on the record Delaware (i)(1) counsel-opinion practice T1 Exclusion-rate of Rule 14a-8 proposals on (i)(1) before/after Nov 17, 2025 Collection underway Collection underway T2 Composition / subject-matter distribution TX opt-in vs DE peers Source-pending Collection underway T3 Cross-coverage of (i)(1) and § 21.373 same proposal, same issuer Source-pending Source-pending T4 Downstream voting outcomes when proposals reach ballot Source-pending Source-pending Collection underway Source pending Data ready (none yet) Hydrates from v07_summary.json status fields · empirical-tests roadmap
Figure 5. Empirical disambiguation rubric. The four pre-specified tests V07 commits to running, with current source-status for each cell. “Collection underway” means the underlying primary-source corpus is being assembled; “Source pending” means scoping is in progress. No cell carries a “Data ready” status yet; that is the build-out goal as the V07 empirical layer matures.

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