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As demonstrated by one of the authors elsewhere, UK-style shareholder stewardship is a ‘global legal misfit’ because it was designed for a jurisdiction with dispersed shareholding where institutional investors collectively control a majority of the shares; however, it has been transplanted...
Persistent link: https://www.econbiz.de/10013215856
Within less than twenty years the idea of shareholder stewardship has become a global phenomenon. In 2010, the United Kingdom hastily released the world’s first stewardship code to cure what was perceived to be the UK’s primary corporate governance malady: rationally passive institutional...
Persistent link: https://www.econbiz.de/10013220892