This article provides the first examination of the opinion of the Court of Appeals for the District of Columbia in Business Roundtable v. SEC, as it pertains to the SEC's would-be proxy access rule, R. 14a-11. The SEC introduced a new proposal in 2009 which would allow shareholders to place...

This paper examines the effect of ownership structure of a controlling shareholder on the financial constraints of non-financial firms in 22 economies for the 1982-2009 period. We find that the overinvestment propensity of a controlling shareholder becomes less severe with an increase in...

This Article seeks to ascertain the impact of the Securities and Exchange Commission's rejection in 2007 of a proxy access rule, a rule that would have required corporations to include shareholder-nominated candidates on the ballot. On the one hand, the SEC's rejection appears to be a stunning...

This article aims at exploring the role of institutional shareholders' activism in promoting good corporate governance practices in investee companies of Pakistan. The issue of shareholders activism was addressed exhaustively in the developed countries, particularly US and UK, after the...

Die Aktiengesellschaft, die GmbH und die Genossenschaften stellen den Großteil der Rechtsformen bedeutender Unternehmen. Doch mit der zunehmenden Anzahl der Gesellschafter wird auch die kollektive Willensbildung und damit die Kontrolle der Gesellschaft immer schwieriger. Ausgehend von der...