This research explores the influence of shareholder votes on corporate governance and firm performance within U.S.-listed companies. By exercising their right to vote, shareholders can express their approval or disapproval of corporate governance practices. To comprehensively examine the effects...

Frontmatter -- Acknowledgments -- Contents -- I. The Nature and Importance of Voting Trusts -- II. The History and Early Use of Voting Trusts -- III. The Voting Trust Agreement -- IV. Uses of Voting Trusts -- V. Voting Trustees -- VI. Security Holders under a Voting Trust -- VII. The Law of...

Traditionally, fund managers cast votes on behalf of investors whose capital they manage. Recently, this system has come under intense debate given the growing concentration of voting power among a few asset managers and disagreements over environmental and social issues. Major fund managers now...

Manager incentives are viewed as being better aligned with those of shareholders when they have an ownership stake in the firms they manage. However, manager ownership can exacerbate agency problems by better enabling managers to pass shareholder resolutions. We outline a model of strategic...