Private Equity

Public companies are often described as being owned by many people and managed in a fair and independent way. But Alight shows something different. Many people may own shares, but real power is held by a small group of large investors. These investors have most of the voting power. In June 2026, Alight made an important change. Shareholders approved a new system where directors are elected every year. This change is important because it shows how decisions are really made.

The 2026 proxy season looked like a slowdown—but it wasn’t. Fewer proposals, declining ESG momentum, and a major SEC shift quietly reshaped how shareholder governance actually works.

Citigroup’s tokenized private shares platform uses blockchain and digital depositary receipts to expand access to private markets, offering a new model for investing in private companies before IPO.