I agree. The tendency to imply shareholders didn't understand is sort of irrelevant. Some may have. Some may not have. Some may have understood but disagreed. Some may have agreed. In the end good practice would mean that they are in touch with their shareholders and familiar with possible issues, and are able to speak their language. That's what you do. And you don't assume that people don't know what they are talking about
What you don't do if you want to change people's minds is tell them they haven't a clue. In shorthand or directly. And you are right that's the problem the democrats had and that's what the brexit vote highlighted.
What is done is done. What will be, will be. However maybe a point has been made
P
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