Showing 1 - 10 of 9,798
This study focuses on U.S. shareholder derivative cases in which Audit Committee members were defendants. Three grounds …
Persistent link: https://www.econbiz.de/10012831122
“Offensive shareholder activism” involves buying up sizeable stakes in underperforming companies and agitating for changes predicted to increase shareholder returns. Though hedge funds are currently highly publicized practitioners of this corporate governance tactic, there has been no...
Persistent link: https://www.econbiz.de/10013130237
In the past decade, as a result of many interrelated changes in the economic environment, the role and the pressures on the corporate governance of firms have been significantly transformed in the US and the UK. To test the magnitude of this changed environment, we study one aspect of corporate...
Persistent link: https://www.econbiz.de/10013039032
One of the most remarkable recent developments with regard to shareholder power is how American shareholders have used …
Persistent link: https://www.econbiz.de/10012833650
In May 2009, the SEC proposed the most significant amendments to proxy rules since 1942. We build comprehensive samples of US and UK shareholder proposals for the period 2000-2006 to study the relation between proxy rules and proxy practices and the effect of shareholder proposals on firm...
Persistent link: https://www.econbiz.de/10013039333
This paper examines the SEC regulation requiring non-binding general shareholder vote on executive compensation–“say-on-pay” (SOP). We examine the first two years of SOP in the Russell 3000. The results confirm previous shareholder-proposal studies by finding that SOP approval (reject)...
Persistent link: https://www.econbiz.de/10013036020
committees, which would have certain oversight functions and act as a communication link between shareholders and management. To … not going to mitigate the collective action problem of shareholders, and they are unlikely to reduce managerial agency … of public companies to have a shareholder committee. Nevertheless, given that shareholders will both bear the costs and …
Persistent link: https://www.econbiz.de/10009124064
This paper compares the extent of common ownership in the US and the EU stock markets, with a particular focus on differences in the ap-plicable ownership transparency requirements. Most empirical research on common ownership to date has focused on US issuers, largely relying on ownership data...
Persistent link: https://www.econbiz.de/10013402996
includes de jure rules relating to derivative enforcement. Despite convergence of the UK system towards the US model, each … explained by the way the courts implement the derivative procedure de facto. A comparative assessment of de facto implementation …
Persistent link: https://www.econbiz.de/10012836898
Fiduciary duties are often today held out as typical instruments of shareholder protection in the common law of both the US and the UK, which are sometimes held out as examples for a consensus model for what is considered good corporate law conducive to good capital market development. However,...
Persistent link: https://www.econbiz.de/10012854910