According to Tapestry Networks, at a conference a member of Nestlé’s executive board, David Frick, “talked about a programme to invite its largest shareholders to meet with the chairman . . . He said shareholders had either declined or simply didn’t turn up to the meetings.” Photograph: EPA/Keystone/Fabrice Coffrini

What if lawmakers never spoke to their constituents? Oddly enough, that’s exactly how corporate America operates. Shareholders vote for directors, (...)