Showing 31 - 40 of 133,997
This paper criticizes the generalized idea of considering shareholders as owners of the company from historical …, doctrinal and comparative law perspectives.The relationship between the shareholders and the company's assets - which has never … analyzes the different roles and degrees of influence that shareholders and managers have had in the governance of the …
Persistent link: https://www.econbiz.de/10012935154
, among which are transactions with shareholders. This study of the Euro STOXX small 200 shows that transactions with large … shareholders are common and a significant number of these transactions are material compared to the size of the company … transaction for the company and its minority shareholders by an independent body and an approval by the (supervisory) board and …
Persistent link: https://www.econbiz.de/10012935166
corporation should speak and what it should say? In several cases, the Supreme Court has provided a clear answer: shareholders … shareholders' bylaw power, is both consistent with Supreme Court jurisprudence and the most desirable way of operationalizing …
Persistent link: https://www.econbiz.de/10012936184
evolution into hard law standards of behaviour for institutional shareholders. We argue that the time is ripe for the …
Persistent link: https://www.econbiz.de/10012936495
Shareholder activism by hedge funds has taken hold in Germany in spite of large ownership concentration. This essay uses the example of Stada Arzneimittel AG to highlight features of activism, German style. It goes on to discuss the legal issues raised by activist campaigns at the two stages of...
Persistent link: https://www.econbiz.de/10012865107
Activist hedge funds do not hold a sufficiently large number of shares to win proxy battles, and their success in driving corporate change relies on the willingness of institutional investors to support their cause. Against this background, this Article advances three claims about the...
Persistent link: https://www.econbiz.de/10012867125
directors in decision-making concerning shareholders and stakeholders. In a sample comprising more than nine hundred directors … shareholders and stakeholders, called shareholderism. Directors' shareholderism correlates with personal values, but also with …
Persistent link: https://www.econbiz.de/10012868048
For generations, scholars have debated the purpose of corporations. Should they maximize shareholder value or balance shareholder interests against the corporation's broader social and economic impact? A longstanding and fundamental premise of this debate is that, ultimately, it is up to...
Persistent link: https://www.econbiz.de/10012868652
shareholders. As a result, these directors have incentives to go along with controllers' wishes, or, at least, inadequate … that allows policymakers to produce the precise balance of power between controlling shareholders and public investors that …
Persistent link: https://www.econbiz.de/10012969875
This paper asks the question whether dissent votes in uncontested director elections have consequences for directors. We show that, contrary to popular belief based on prior studies, shareholder votes have power and result in negative consequences for directors. Directors facing dissent are more...
Persistent link: https://www.econbiz.de/10012971711