Shareholder Voting Rights and Influence

In corporate governance, it is essential to understand the rights of shareholders as they play a significant role in a company's strategic decisions. Shareholder rights can vary depending on the jurisdiction, but they generally include the right to vote on key issues, participate in shareholder meetings, and access certain financial information. Consider a scenario where a company is proposing a major merger that requires shareholder approval.

Which of the following concepts is directly related to a shareholder's ability to influence the outcome of such a proposal?