influential, yet unaccountable, shareholders. Governance entrepreneurs in the market for corporate influence must first identify …/or other shareholders of the wisdom of their policies, before they will be permitted to share the authority necessary to …

Corporate bylaws are the new leading edge of a decades-long struggle between shareholders and managers over the … allocation of decision-making authority in public companies. Bylaws are the only method by which shareholders can unilaterally … in circumstances where shareholders' other core rights, i.e., the ability to exit the firm or sue its fiduciaries, are …

-- the right for shareholders to nominate a candidates to a public firm's board of directors -- lies at the heart of … shareholder control and has far-reaching consequences in the balance of power between shareholders and managements.We use the …

wrong in claiming that common shareholders lack incentives to influence corporations to increase portfolio value by …

view that antitakeover provisions are universally harmful for shareholders …

In many countries shareholders were offered more rights to protect their position against “inappropriate” behaviour of … reveal part of the answer: we analyse the evolution of the investment behaviour of foreign shareholders in a large sample of … European companies between 1999 and 2007. A steadily growing number of all large stakes belong to foreign shareholders. However …

Shareholders of U.S. corporations have lost billions of dollars in acquisitions they never approved. In the United … Kingdom the listing rules give shareholders a binding say when targets are large relative to acquirers. A transatlantic … comparison suggests that if U.S. shareholders had a say on acquisitions, they would incur fewer losses. There is a significant …

minority equity stakes and do not seek direct control. As a result, activists must win support from fellow shareholders via … shareholders, other stakeholders, and the capital market as a whole. Opponents of hedge fund activism argue that activists focus …

shareholders far removed from the firm's day-to-day operations; and delegated management, which opens up the possibility for … appointment rights, by which shareholders retain the right to appoint and remove directors. Next, it focuses on core decision …