In this paper we use interview data to explore the 'new shareholder activism' of mainstream UK institutional investors. We describe contemporary practices of corporate governance monitoring and engagement and how they vary across institutions, and explore the motivations behind them. Existing...

This paper draws on 59 depth interviews with FTSE100 CEOs and chairmen to extend the literature on strategy-as-practice to the practice of strategy as perceived by large company CEOs. We find that strategy for this group is effectively synonymous with vision and direction and that its practice...

On one hand, managers, and especially CEOs, are hired and paid to exercise their managerial discretion. On the other hand, within the agency theory approaches to corporate governance, managerial discretion is a source of moral hazard to be removed by incentives or monitoring. In this paper we...