Final Answer:
Shareholders have requested increased proxy access by demanding B) Enhanced voting rights on major corporate decisions.
Step-by-step explanation:
The demand for increased proxy access by shareholders typically involves a push for enhanced voting rights on major corporate decisions. This request reflects shareholders' desire to have a more significant say in crucial matters that impact the company's direction and governance.
Enhanced voting rights empower shareholders to express their views and influence decisions related to matters such as mergers and acquisitions, changes to the corporate charter, or the election of board members.
Greater control over executive compensation (Option A) and more direct involvement in day-to-day operations (Option C) are concerns that shareholders might raise, but they are distinct from the concept of proxy access.
Proxy access primarily revolves around the ability of shareholders to nominate and vote on certain issues at shareholder meetings. On the other hand, reduced transparency in financial reporting (Option D) goes against the general trend towards increased transparency and accountability, making it an unlikely demand from shareholders who seek more influence.
Shareholders' calls for enhanced proxy access underscore the ongoing discourse around corporate governance, accountability, and the role of shareholders in shaping the trajectory of the companies in which they invest. It reflects a broader movement towards empowering shareholders as active participants in corporate decision-making processes.
Correct option is B) Enhanced voting rights on major corporate decisions.