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We show how the change to differential voting rights allows dominant shareholders to retain control even after selling … fosters corporate control activity and creates higher takeover premiums that are paid equally to all shareholders …
Persistent link: https://www.econbiz.de/10013118332
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
The recent e-proxy reform by the SEC aims to provide all shareholders with the ability to choose the means to access …; this finding is useful for a preliminary assessment of the European regime of shareholders' access to meeting …-related information, as recently amended by the European Shareholders' Rights Directive …
Persistent link: https://www.econbiz.de/10013068830
of shareholders' value maximisation strategies. Neither shareholders nor their representatives will voluntarily adopt …
Persistent link: https://www.econbiz.de/10013014969
minority shareholders. At the same time, it is well recognized that RPTs can help firms overcome market shortcomings. Using the … expropriation. Minority shareholders actively raise their voice against RPT resolutions, resulting in substantial shareholder …
Persistent link: https://www.econbiz.de/10012926802
Using a sample of non-U.S. firms from 43 countries, we investigate whether laws and regulations as well as votes cast by U.S. institutional investors are consistent with an effective shareholder voting process. We find that laws and regulations allow for meaningful votes to be cast as...
Persistent link: https://www.econbiz.de/10013038476
Persistent link: https://www.econbiz.de/10013166562
have low leverage. The sponsors also observe the identity of the voting shareholders, because proposal probability …
Persistent link: https://www.econbiz.de/10013152605
, 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
The Securities and Exchange Commission's (“SEC” or “Commission”) recent staff roundtable on the proxy process, and its resulting guidance, interpretation and proposed rules on limiting the use of shareholder proposals, regulating proxy advisors and their creation of shareholder voting...
Persistent link: https://www.econbiz.de/10012840058