Shareholder Democracy

Author : Lisa M. Fairfax
Publisher : Unknown
Page : 0 pages
File Size : 49,5 Mb
Release : 2011
Category : Corporate governance
ISBN : 1594609195

Get Book

Shareholder Democracy by Lisa M. Fairfax Pdf

This book offers a succinct, practical guide for understanding what some have referred to as shareholder democracy--efforts to facilitate and increase shareholder voting power within the corporation. In the past few years there has been a surge in shareholder activism that has had a profound impact on the corporation. Shareholders and other activists have sought to increase shareholders' voting power within the corporation based largely on the belief that increasing shareholder power will increase director and officer accountability, thereby helping to curb corporate misconduct and improve corporate performance. However, there is intense debate regarding whether increased shareholder power can achieve such objectives and whether increased shareholder power will negatively impact the corporation. This book is the first to provide a concise, but comprehensive look at the various ways in which shareholders have sought to enhance their voting power and influence within the corporation. In addition to examining shareholder activism, this book highlights and analyzes the debate regarding the propriety of increased shareholder power. This book also analyzes the impact of recent developments aimed at facilitating shareholder power such as majority voting, say on pay, and proxy access. This book will serve as a useful tool not only for those who desire a straight-forward analysis of shareholder rights and activism, but also for those seeking a reference guide on an issue of growing importance to corporate law and corporate governance.

Author : Mieke Olaerts,C. A. Schwarz
Publisher : Eleven International Publishing
Page : 0 pages
File Size : 51,7 Mb
Release : 2012-04-30
Category : Business & Economics
ISBN : 9490947555

Get Book

Shareholder Democracy by Mieke Olaerts,C. A. Schwarz Pdf

Shareholders have important rights, which they can exercise democratically at a company's general meeting, such as the power to control and supervise management of the company. The term 'shareholder democracy' relates to the different ways in which shareholders can influence or even determine a company's course of life. One of the disadvantages of shareholder democracy is a risk that most democratic systems face - it can lead to opportunistic behavior of, in this case, influential shareholders with personal interests which are not in line with the interest of the company. Globalizing financial markets call for a general debate of this topic in an international context. Shareholder democracy does not only play a part in takeover situations, it touches the very core of every company law system. The position of shareholders within the company model, for example, influences the corporate interest definition, which in turn has significant consequences for the position of the board of directors. This book places the topic of shareholder democracy in an international context and deals with the topic from a comparative point of view. It contains contributions from authors from various legal systems discussing the issue of shareholder democracy within their own jurisdiction. The book covers, among other topics, the power of shareholders in Germany, the UK, South Africa, Belgium, and the Netherlands.

Author : Frank D. Emerson,Franklin C. Latcham
Publisher : Unknown
Page : 264 pages
File Size : 48,9 Mb
Release : 1954
Category : Corporation law
ISBN : UCAL:B3214863

Get Book

Shareholder Democracy by Frank D. Emerson,Franklin C. Latcham Pdf

Author : Frank D. Emerson,Franklin C. Latcham
Publisher : Unknown
Page : 242 pages
File Size : 53,9 Mb
Release : 1971
Category : Electronic
ISBN : OCLC:86225989

Get Book

Shareholder Democracy by Frank D. Emerson,Franklin C. Latcham Pdf

Author : Harpreet Kaur,Chao Xi,Christoph Van der Elst,Anne Lafarre
Publisher : Cambridge University Press
Page : 1013 pages
File Size : 43,7 Mb
Release : 2022-09-15
Category : Law
ISBN : 9781108913072

Get Book

The Cambridge Handbook of Shareholder Engagement and Voting by Harpreet Kaur,Chao Xi,Christoph Van der Elst,Anne Lafarre Pdf

All over the world, companies play an important role in the economy. Different types of stakeholders hold the reins in these companies. An important class are the shareholders that finance the activities of these companies. In return, stakeholders have a say on how these companies should be organized and structure their activities. This is primarily done through voting and engaging. These mechanisms of voting and engaging allow the shareholders to decide significant aspects of the company structure, from who governs it to how much directors are paid. However, how shareholders vote and engage and how far their rights stretch are organized differently in different countries. This pioneering book provides insights into what rights these shareholders have and how the shareholders of companies in nineteen different jurisdictions participate in corporate life through voting and engaging. Comparative and international in scope, it pays particular attention to how jurisdictions align and differ around the world.

Author : Maria Goranova,Lori Verstegen Ryan
Publisher : Springer
Page : 335 pages
File Size : 52,6 Mb
Release : 2015-10-07
Category : Business & Economics
ISBN : 9781137373939

Get Book

Shareholder Empowerment by Maria Goranova,Lori Verstegen Ryan Pdf

In this volume, leading management experts offer critical insights into the promises and illusions of shareholder empowerment, the discrepancies between theory and practice, and the challenges posed by variations in global corporate governance regimes.

Author : Mark Freeman,Robin Pearson,James Taylor
Publisher : University of Chicago Press
Page : 355 pages
File Size : 47,7 Mb
Release : 2012
Category : Business & Economics
ISBN : 9780226261874

Get Book

Shareholder Democracies? by Mark Freeman,Robin Pearson,James Taylor Pdf

And as they became more prevalent, the issue of internal governance became more pressing.

Author : Joel Bakan
Publisher : Penguin
Page : 320 pages
File Size : 49,5 Mb
Release : 2020-09-22
Category : Biography & Autobiography
ISBN : 9780735238855

Get Book

The New Corporation by Joel Bakan Pdf

Silver WINNER of the 2021 Axiom Business Book Awards in Business Ethics WINNER of the 2021 Jim Deva Prize for Writing That Provokes From the author of The Corporation: The Pathological Pursuit of Profit and Power comes this deeply informed and unflinching look at the way corporations have slyly rebranded themselves as socially conscious entities ready to tackle society's problems, while CEO compensation soars, income inequality is at all-time highs, and democracy sits in a precarious situation. Over the last decade and a half, business leaders, Silicon Valley executives, and the Davos elite have been calling for a new kind of capitalism. The writing was on the wall. With income inequality soaring, wages stagnating, and a climate crisis escalating, it was no longer viable to justify harming the environment and ducking taxes in the name of shareholder value. Business leaders realized that to get out in front of these problems, they had to make social and environmental values the very core of their messaging. Their essential pitch was: Who could be better suited to address major societal issues than efficiently run corporations? There is just one small problem with their doing well by doing good pitch. Corporations are still, ultimately, answerable to their shareholders, and doing well always comes first. This essential truth lies at the heart of Joel Bakan's argument. In lucid and engaging prose, Bakan lays bare a litany of immoral corporate actions and documents corporate power grabs dressed up as social initiatives. He makes clear the urgency of the problem of the corporatization of society itself and shows how people are fighting back and making gains on a grassroots level.

Author : Christopher M. Bruner
Publisher : Cambridge University Press
Page : 317 pages
File Size : 54,9 Mb
Release : 2013-03-29
Category : Business & Economics
ISBN : 9781107013292

Get Book

Corporate Governance in the Common-Law World by Christopher M. Bruner Pdf

This book presents a new comparative theory to explain the divergence between governance systems of Australia, Canada, the United Kingdom, and the United States and explores the theory's ramifications for law and public policy. Bruner argues that regulatory structures affecting other stakeholders' interests - notably differing degrees of social welfare protection for employees - have decisively impacted the degree of political opposition to shareholder-centric policies across the common-law world.

Author : Anita Indira Anand
Publisher : Oxford University Press
Page : 187 pages
File Size : 48,6 Mb
Release : 2020-02-01
Category : Law
ISBN : 9780190096557

Get Book

Shareholder-driven Corporate Governance by Anita Indira Anand Pdf

How effectively can governing mechanisms forged before the surge of activist investment continue to protect shareholders and efficiently order capital markets? This is a pressing question for scholars and practitioners of corporate law, as well as for market participants generally. In order to illuminate the extent to which the growing trend of shareholder activism calls for a new understanding of the kind of shareholder-corporate relations the law should facilitate, this book introduces the concept of shareholder-driven corporate governance. This concept refers to the evident phenomenon of shareholder involvement in corporate governance and offers a normative endorsement of this development. In order to secure the benefits of investors' increasing involvement in corporate affairs, regulatory regimes must grapple with a number of considerations. This book is based on the idea that shareholder corporate governance is a welcome development, but that it does not come without regulatory challenges. For one, it requires rejecting the idea that well-ordered capital markets can be achieved through corporate law which is subservient to private ordering. The mandatory character of, for example, securities regulation is vital to fostering shareholder involvement in corporate affairs. Defenders of shareholder corporate governance must also confront the matter of "wolf packs," or loosely formed bands of investors who defy existing regulatory categories but nonetheless exert collective influence. Regulation that is sensitive to both the inadequacies of past approaches to corporate-shareholder relations and the novel challenges posed by increasing shareholder activism will be able to harness activism, allowing capital markets to flourish.

Author : Janet Dine,Marios Koutsias
Publisher : Edward Elgar Publishing
Page : 388 pages
File Size : 52,7 Mb
Release : 2013-01-01
Category : Business & Economics
ISBN : 9781781006122

Get Book

The Nature of Corporate Governance by Janet Dine,Marios Koutsias Pdf

This book presents a thoughtful inquiry into the nature and rationale of corporate governance. The authors address fundamental questions including; What is the balance between ownership and control?; For whose interests should the company be run?; What is the institutional balance between shareholders, directors and other potential stakeholders, including the economy? Professor Dine and Dr Koutsias consider how these issues are dealt with by the jurisprudence of three major and greatly influential jurisdictions; the USA, the UK, and Germany, and also reflect on why and how the current corporate governance context in some states is defined by social, political and historical developments. The authors argue that corporate governance is crucial for the identity of each country. What is revealed in the work is that when national corporate governance is thriving it allows space for democracy to flourish. Corporate governance scholars, policy makers, LLM and LLB students of company law and corporate governance, NGOs involving issues of inequality, poverty and democracy will find this important book an insightful resource.

Author : Lewis D. Gilbert
Publisher : Unknown
Page : 262 pages
File Size : 48,7 Mb
Release : 1956
Category : Corporations
ISBN : STANFORD:20501011172

Get Book

Dividends and Democracy by Lewis D. Gilbert Pdf

Author : Klaus Schwab
Publisher : John Wiley & Sons
Page : 311 pages
File Size : 45,9 Mb
Release : 2021-01-27
Category : Business & Economics
ISBN : 9781119756132

Get Book

Stakeholder Capitalism by Klaus Schwab Pdf

Reimagining our global economy so it becomes more sustainable and prosperous for all Our global economic system is broken. But we can replace the current picture of global upheaval, unsustainability, and uncertainty with one of an economy that works for all people, and the planet. First, we must eliminate rising income inequality within societies where productivity and wage growth has slowed. Second, we must reduce the dampening effect of monopoly market power wielded by large corporations on innovation and productivity gains. And finally, the short-sighted exploitation of natural resources that is corroding the environment and affecting the lives of many for the worse must end. The debate over the causes of the broken economy—laissez-faire government, poorly managed globalization, the rise of technology in favor of the few, or yet another reason—is wide open. Stakeholder Capitalism: A Global Economy that Works for Progress, People and Planet argues convincingly that if we don't start with recognizing the true shape of our problems, our current system will continue to fail us. To help us see our challenges more clearly, Schwab—the Founder and Executive Chairman of the World Economic Forum—looks for the real causes of our system's shortcomings, and for solutions in best practices from around the world in places as diverse as China, Denmark, Ethiopia, Germany, Indonesia, New Zealand, and Singapore. And in doing so, Schwab finds emerging examples of new ways of doing things that provide grounds for hope, including: Individual agency: how countries and policies can make a difference against large external forces A clearly defined social contract: agreement on shared values and goals allows government, business, and individuals to produce the most optimal outcomes Planning for future generations: short-sighted presentism harms our shared future, and that of those yet to be born Better measures of economic success: move beyond a myopic focus on GDP to more complete, human-scaled measures of societal flourishing By accurately describing our real situation, Stakeholder Capitalism is able to pinpoint achievable ways to deal with our problems. Chapter by chapter, Professor Schwab shows us that there are ways for everyone at all levels of society to reshape the broken pieces of the global economy and—country by country, company by company, and citizen by citizen—glue them back together in a way that benefits us all.

Author : Dino Falaschetti
Publisher : Springer Science & Business Media
Page : 146 pages
File Size : 52,8 Mb
Release : 2009-06-02
Category : Business & Economics
ISBN : 9780387787077

Get Book

Democratic Governance and Economic Performance by Dino Falaschetti Pdf

Conventional wisdom warns that unaccountable political and business agents can enrich a few at the expense of many. But logically extending this wisdom implies that associated principals – voters, consumers, shareholders – will favor themselves over the greater good when ‘rules of the game’ instead create too much accountability. Democratic Governance and Economic Performance rigorously develops this hypothesis, and finds statistical evidence and case study illustrations that democratic institutions at various governance levels (e.g., federal, state, corporation) have facilitated opportunistic gains for electoral, consumer, and shareholder principals. To be sure, this conclusion does not dismiss the potential for democratic governance to productively reduce agency costs. Rather, it suggests that policy makers, lawyers, and managers can improve governance by weighing the agency benefits of increased accountability against the distributional costs of favoring principal stakeholders over more general economic opportunities. Carefully considering the fundamentals that give rise to this tradeoff should interest students and scholars working at the intersection of social science and the law, and can help professionals improve their own performance in policy, legal, and business settings.

Author : Anita Anand
Publisher : Oxford University Press
Page : 336 pages
File Size : 53,9 Mb
Release : 2020-02-01
Category : Law
ISBN : 9780190096540

Get Book

Shareholder-driven Corporate Governance by Anita Anand Pdf

How effectively can governing mechanisms forged before the surge of activist investment continue to protect shareholders and efficiently order capital markets? This is a pressing question for scholars and practitioners of corporate law, as well as for market participants generally. In order to illuminate the extent to which the growing trend of shareholder activism calls for a new understanding of the kind of shareholder-corporate relations the law should facilitate, this book introduces the concept of shareholder-driven corporate governance. This concept refers to the evident phenomenon of shareholder involvement in corporate governance and offers a normative endorsement of this development. In order to secure the benefits of investors' increasing involvement in corporate affairs, regulatory regimes must grapple with a number of considerations. This book is based on the idea that shareholder corporate governance is a welcome development, but that it does not come without regulatory challenges. For one, it requires rejecting the idea that well-ordered capital markets can be achieved through corporate law which is subservient to private ordering. The mandatory character of, for example, securities regulation is vital to fostering shareholder involvement in corporate affairs. Defenders of shareholder corporate governance must also confront the matter of "wolf packs," or loosely formed bands of investors who defy existing regulatory categories but nonetheless exert collective influence. Regulation that is sensitive to both the inadequacies of past approaches to corporate-shareholder relations and the novel challenges posed by increasing shareholder activism will be able to harness activism, allowing capital markets to flourish.