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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...
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primary mechanisms through which shareholders participate in corporate governance and "voice" their opinions to company … competition among U.S. banks induces more shareholders to vote against management proposals. …
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