A comprehensive analysis of shareholder proposals introduced in the recent proxy seasons can assist corporate directors and officers preparing for annual general meetings. In addition to providing voting results, this study examines data on proposal volume, topics, and sponsorship from samples...

Starting from the observation that at the multilateral level shareholder activism is considered as an important aspect of good corporate governance, this paper examines several legal and economic obstacles to institutional investor activism in the EU and in the US. We also examine the voting...

Using Morningstar mutual fund stewardship grade data, we find that the governance mechanisms of mutual funds play a key role in their monitoring of portfolio firms and in their investment decisions. Mutual funds with better governance practices tend to vote responsibly on corporate governance...

This paper examines the impact on shareholder voting of the mutual fund voting disclosure regulation adopted by the SEC in 2003, using a paired sample of proposals submitted before and after the rule change. We focus on how voting outcomes relate to institutional ownership and the voting...

On January 27 2010 the Italian Legislator has implemented the European Directive2007/36/CE relating to certain rights of shareholders in listed companies (the Shareholders Directive).The new reform appears to be the most efficient in the past few decades afterthe enactment of Testo Unico della...

This paper considers implementation issues arising from potential reforms to the United States Social Security system. Many reform proposals involve individually invested accounts, but the corporate governance implications of such accounts have not been fully explored. Existing reform plans will...