Question: There is a growing interest in strategies that separate the financial rights (to dividend income) associated with a share of stock from its voting rights (for the corporation's directors). For example, if I borrow shares from you for a short sale I can vote them, but you retain rights to the dividends. Conversely, you might continue to own and vote the shares, but we can arrange a swap that gives me the right to its future dividends in exchange for some payment today. How might the growth of transactions that separate income from voting rights affect the efficiency of the market for corporate control? Give an example of improved efficiency and one of decreased efficiency.