Shareholder Empowerment : An Introduction

Recent trends in shareholder empowerment have spurred a heated debate whether empowered shareholders will ultimately cure corporate ills or adversely affect corporate fortunes. While some scholars claim that further strides in empowering shareholders will improve managerial accountability and firm performance, critics warn that shareholder empowerment will merely amplify corporate myopia and shift the problem of managerial self-serving to shareholders' self-serving. In this volume we address this paradox by bringing together both proponents and skeptics of the shareholder empowerment movement, and focusing on management scholars' insights on the implications of shareholder empowerment for contemporary corporations and their practices