Current attempts to reform financial markets presume that shareholder empowerment benefits shareholders. We investigate … the wealth effects associated with the SEC's rule to facilitate director nominations by shareholders. Our results are not … the probability of passage of the proposal, firms whose shareholders are more likely to use the rule to nominate directors …

Shareholders around the world are seeking greater dialogue with boards of directors of investee companies on an … investment firm, offers practical suggestions to boards on improving engagement with their shareholders.Suggestions made include …: 1) boards should strive to build long-term, trust-based relationships with their most significant shareholders and board …

of higher differentials between board members' interests alignments with those of shareholders amounts to almost 30% …

model that shows that when shareholders have direct access to proxy the quality of the board improves. This is so, because …'s). When the board can signal its type at a relative small cost, giving shareholders direct access to proxy is better than …

This paper examines whether post-merger board composition affects the premiums paid to target shareholders. Using a …

We ask when and how a diverse board can benefit shareholders. Board diversity may be value-increasing even if some … directors have agendas that are not perfectly aligned with shareholders' interests. Diversity commits the board to a high …