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case. In the years preceding the financial crisis, shareholders validated the strategies of the very financial firms that … shareholders, having played a role in fomenting the crisis, have a positive role to play in its resolution.The prevailing legal … model of the corporation strikes a better balance between the powers of directors and shareholders than does the shareholder …
Persistent link: https://www.econbiz.de/10013150783
Shareholders call for more attention after the crisis: confidence will have to be restored to convince them to … recapitalise the financial firms. Five topics are addressed here: shareholders should be able to effectively exercise their rights … calling on more stable, active institutional shareholders, an objective that may be at odds with “one share, one vote …
Persistent link: https://www.econbiz.de/10013153096
One of the most remarkable recent developments with regard to shareholder power is how American shareholders have used …
Persistent link: https://www.econbiz.de/10012833650
Persistent link: https://www.econbiz.de/10012838315
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
Corporate stewardship holds great promise for the improvement of shareholder engagement and the encouragement of more responsible and long-term oriented value creation. Many countries have now adopted a best practice code for the stewardship role of institutional investors and asset managers,...
Persistent link: https://www.econbiz.de/10012840083
The goal of this paper is to examine whether the stewardship code, which emanated in circumstances that are specific to the United Kingdom (UK), is capable of transposition to other jurisdictions that experience different corporate structures as well as legal and institutional mechanisms. It...
Persistent link: https://www.econbiz.de/10012841619
‘Shareholder rights' are the legal entitlements of shareholders via-a-vis companies in which they invest. A large body … that without accountability, managers and dominant shareholders will use their power to further their own interests at the … rights in ways that can be excessive. This can harm not only other constituencies but also shareholders, as it can promote …
Persistent link: https://www.econbiz.de/10012842156
Persistent link: https://www.econbiz.de/10012842476
For three academic years (2011-2014), the Harvard Law School's Shareholder Rights Project (SRP) operated a clinical program assisting institutional investors on board declassification proposals. This paper analyzes the SRP as a quasi-natural experiment to examine the value implications of...
Persistent link: https://www.econbiz.de/10012957219