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shareholders to run the company they majorly hold is largely dependent on the securities enforcement agencies of the country. In …
Persistent link: https://www.econbiz.de/10014255906
Persistent link: https://www.econbiz.de/10009752710
one hand, the SEC's rejection appears to be a stunning blow to the shareholders' rights campaign because many shareholders … of majority voting and the adoption of the e-proxy rules. Because these developments provide shareholders with … shareholders …
Persistent link: https://www.econbiz.de/10013099005
shareholder engagement is an error built on a mistaken understanding of the key active role shareholders played in the enormous … corporate governance failure that the banking crisis represented. As a result shareholders' passivity rather than activity has … shareholders from the banking crisis. Technical solutions may instead lie in removing key problematic agency …
Persistent link: https://www.econbiz.de/10013083860
shareholder engagement is an error built on a mistaken understanding of the key active role shareholders played in the enormous … corporate governance failure that the banking crisis represented. As a result shareholders' passivity rather than activity has … shareholders from the banking crisis. Technical solutions may instead lie in removing key problematic agency …
Persistent link: https://www.econbiz.de/10013087827
An integral aspect of shareholder democracy is the shareholder proposal process, through which shareholders can … pressure firms to make changes. We find that shareholders' uncertainty about the firm reduces their participation in voting on … and the information environment in a shareholder democracy …
Persistent link: https://www.econbiz.de/10012900708
Typically, shareholders are not sure whether boards act in their interest, or have been captured by management. They … simply enrich managers at the expense of shareholders. After observing the board's compensation and investment policies …, shareholders update the probability that the board is captured using Bayes rule. Shareholders are “outraged” if this updated …
Persistent link: https://www.econbiz.de/10012975628
In the years since Enron, there has been a lively debate over the value of shareholder democracy as a means to improve … regulation of the internal affairs of unions, and the rights of shareholders and union members in each of these two regulatory … democracy in unions and in corporations and found the similarities striking, at least with respect to the instrumental arguments …
Persistent link: https://www.econbiz.de/10013032315
This paper shows that proxy contests have a significant adverse effect on careers of incumbent directors. Following a proxy contest, directors experience a significant decline in number of directorships not only in the targeted company, but also in other non-targeted companies. The results are...
Persistent link: https://www.econbiz.de/10013035358
Corporate law is consumed with a debate over shareholder democracy. The conventional wisdom counsels that shareholders … set of theorists, described as “board primacists,” advocates against greater shareholder democracy and in favor of … increased board discretion. These theorists argue that shareholders need to delegate their authority in order to provide the …
Persistent link: https://www.econbiz.de/10013144778