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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
, but allowing shareholders to vote on more issues, such as executive compensation, may not affect the quality of governance … large shareholders and management. This is because majority rule offers little incentive for small shareholders to vote. I … majority of voters. Therefore, for issues on which management and small shareholders are likely to agree, majority rule is a …
Persistent link: https://www.econbiz.de/10013091344
of shareholders' value maximisation strategies. Neither shareholders nor their representatives will voluntarily adopt …
Persistent link: https://www.econbiz.de/10013014969
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
, 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
An integral aspect of shareholder democracy is the shareholder proposal process, through which shareholders can … pressure firms to make changes. We find that shareholders' uncertainty about the firm reduces their participation in voting on …
Persistent link: https://www.econbiz.de/10012900708
focus on annual meetings with at least one ballot item where a substantial fraction of shareholders is expected to vote …
Persistent link: https://www.econbiz.de/10012908330
We show that in countries with more societal trust shareholders cast fewer votes at shareholder meetings and are more …
Persistent link: https://www.econbiz.de/10012898732
We show that close votes on shareholder proposals are disproportionately more likely to be won by management than by shareholder activists. Using a sample of shareholder proposals from 2003 to 2016, we uncover a large and discontinuous drop in the density of voting results at the 50% threshold....
Persistent link: https://www.econbiz.de/10012935124