What do voting trusts allow shareholders to do?

Voting trusts are designed to allow shareholders to delegate their voting power to a trustee for a specified period. When shareholders enter into a voting trust, they transfer their voting rights to a trustee who then casts votes on their behalf according to the terms outlined in the trust agreement. This arrangement can be particularly useful for shareholders who wish to ensure that their votes are cast consistently or to maintain a certain level of control over corporate governance without actively participating in every vote.

The nature of voting trusts is based on the concept of efficiently organizing the management of shareholder votes, especially in situations where a majority of shareholders want to collaborate but may not want to directly participate in every decision. Such trusts can help to stabilize control of the corporation and provide a means of consolidating shareholder influence.

In contrast, the other options do not accurately reflect the primary function of voting trusts. Voting anonymously might be a trait in some contexts but isn't a defining characteristic of voting trusts. Forming alliances among shareholders can occur, but it is not the central purpose of a voting trust, which is specifically about delegating voting rights. Lastly, changing the number of votes required to pass a resolution is not something that voting trusts can directly influence, as the structure of voting power typically remains consistent with corporate bylaws and