explores the key engagement mechanisms and techniques employed today by public company shareholders. The paper’s analysis … phenomenon. Shareholders use, to varying degrees, a wide range of engagement techniques. These include the shareholder meeting … marshal the governance influence of such investors in recent high-profile cases. Second, shareholders often mix and match …

, outlook, and ideology, have also empowered activist shareholders.There are strong normative arguments for disempowering … shareholders and, accordingly, for rolling back the gains shareholder activists have made. Whether that will prove possible in the … corporate efficiency and performance, especially by holding poorly performing boards of directors and top management teams to …

culture: it increases results-orientation but decreases customer-focus, integrity, and collaboration. Shareholders initially …-induced changes in culture are not in shareholders' long-term interests since firm value declines by 1.4% through this channel …

‘Shareholder rights' are the legal entitlements of shareholders via-a-vis companies in which they invest. A large body … that without accountability, managers and dominant shareholders will use their power to further their own interests at the … rights in ways that can be excessive. This can harm not only other constituencies but also shareholders, as it can promote …

I analyze the allocation of the power to decide on hostile takeovers between directors and shareholders. My …, shareholders nevertheless may have the power to reverse the outcome via a vote. I argue that even though shareholders sometimes … removability, shareholders’ inability to call special meetings or to act by written consent, supermajority rules, proxy and …

Controlling shareholders often pledge their ownership in the firm to offer collateral for either their personal loans … modification in the payoff structure can influence the incentives of controlling shareholders and have real effects on firm value … ownership of controlling shareholders and destroy firm value. On the contrary, share pledges for firm loans mitigate problems of …

the protection of shareholders against shirking of the board members and the officers increased significantly. The … protection of minority shareholders against the expropriation of major shareholders remained unchanged. In light of these … suggests that other variables, like the presence of activist shareholders, might be much more influential than the development …