Mutual funds are a systemic risk by being dumb money. Normally this is talked about in the context of index investing. The more money blindly tracks an index, the more that index becomes detached from reality. This causes measurable inefficiencies in the market [0]. In practice, this isn’t that big of a deal, since “follow the index” essentially means “do what the smart money does”, so the distortion is not that great.

In the context of voting, the analogous action would be abstaining (or voting with the majority of voting active shareholders). I suspect the reason this is not done is a combination of there not being enough active voting shareholders (as you say, that is why boards are a thing), and the risk of activist investors.

On a much smaller scale, we have something similar happening in my local HOA. The county owns about a dozen units as part of it’s public housing program. Combined with the low turnout at HOA meetings, and the 1 property = 1 vote, this means that they could vote for essentially anything they want.

In practice, their policy is to show up to all meetings but abstain from votes unless they are needed to make a quarum. If they are needed, they vote for whatever the consensus was among every else there.

[0] See the index effect. Being added to an index increases a stock’s value, despite there being no change to the underlying fundamentals.

They are working with the Palestinian Authority, which is generally recognized as the government of Palestine.

The president ordered it. There is no legal mechanism to compel private companies to use the new name.

https://www.whitehouse.gov/presidential-actions/2025/01/restoring-names-that-honor-american-greatness/

Reading the orders, the gender one is much more impactful.

Canceling DEI programs cancels those programs, which just isn’t that impactful. Maybe it slows or reverse progress on equality at the population level. But an individual is not going to notice a difference (unless they were explicitly working in administering it). Further, those DEI programs were only for federal agencies, which are going to have a much bigger culture shift from the coming idealougical and loyalty purge. Minorities are still protected by strong anti discrimination laws and the 14th amendment.

The anti trans order, in contrast, declares that trans people don’t exist. And the entirety of the federal government must act accordingly. This will have a direct effect on every openly trans person in the country. Further, the legal protections trans people have are based entirely on an interpretation of gender discrimination laws that the current Supreme Court seems unlikely to endorse; and which Trump has directed the Attorney General to not follow.