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, but allowing shareholders to vote on more issues, such as executive compensation, may not affect the quality of governance … large shareholders and management. This is because majority rule offers little incentive for small shareholders to vote. I … majority of voters. Therefore, for issues on which management and small shareholders are likely to agree, majority rule is a …
Persistent link: https://www.econbiz.de/10013091344
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requires the shareholder voting rule to be immune to certain manipulative techniques used by shareholders to hide their …
Persistent link: https://www.econbiz.de/10012415597
, and that attending shareholders vote for 1.7 times the shares they own. Turnout is higher when the largest shareholder is … shareholders consider the general meeting a more important monitoring device the more serious the potential conflicts of interest …
Persistent link: https://www.econbiz.de/10012839416
We show that firms that employ the majority voting method for director election exhibit higher institutional ownership than firms that employ the plurality voting method, especially after the 2010 amendment to NYSE Rule 452. Firms that adopt majority voting in a bylaw or charter exhibit...
Persistent link: https://www.econbiz.de/10012851965
We challenge the common law rule that shareholders can generally vote as they please, even if their intent or the … property rights and shareholders can bind themselves to vote as they please – are unpersuasive. We then argue that (1) the … general meeting is the company’s agent; (2) shareholders are generally not personally liable for the consequences of the …
Persistent link: https://www.econbiz.de/10014361587
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of associations have no major impact on shareholders' engagements. Corporate performance and other governance mechanisms … debate of shareholder empowerment. The agenda and hence the role of shareholders should be restructured. The AGM should be …
Persistent link: https://www.econbiz.de/10013122441
This is the first comprehensive study of the distribution of voting rights to shareholders. Only those owning stock on …
Persistent link: https://www.econbiz.de/10013234725
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