Kleinaktionäre
Kleinaktionäre, also known as small shareholders, are individual investors who hold a relatively small number of shares in a company. They are distinct from institutional investors, such as pension funds or hedge funds, which typically hold large blocks of shares. Kleinaktionäre play a crucial role in the corporate governance of a company, as their interests are often aligned with those of the company's management. They have the right to vote on important matters, such as the election of the board of directors and the approval of major decisions, which can influence the company's strategic direction and financial performance. However, their influence is often limited by the fact that they hold a minority stake in the company. Despite this, Kleinaktionäre can exert pressure on management through shareholder resolutions, proxy voting, and other forms of activism. They also benefit from the company's success, as their share of the profits increases with the company's growth. In some cases, Kleinaktionäre may also have the opportunity to participate in the company's success through stock options or other forms of equity compensation. Overall, Kleinaktionäre are an important part of the capital markets, providing liquidity and contributing to the efficient functioning of the corporate governance system.