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Shareholders as Proxies: The Contours of Shareholder Democracy
2017"All the stockholders act like a flock of sheep."We put a man on the moon, but we can't manage the consequences of shareholder democracy."2I. IntroductionOn March 31, 2006, just as the spring annual meeting season began, The Corporate Library released a study of eleven of the largest U.S.
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1988
Despite the increasing concentration of shares in the hands of financial institutions over the last two decades1 the small private shareholder remains an important public for many of Britain’s largest companies. Research is used by companies to understand more clearly who their shareholders are, to ascertain their expectations of the company and to ...
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Despite the increasing concentration of shares in the hands of financial institutions over the last two decades1 the small private shareholder remains an important public for many of Britain’s largest companies. Research is used by companies to understand more clearly who their shareholders are, to ascertain their expectations of the company and to ...
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Do Shareholder Tender Agreements inform or expropriate shareholders?
Journal of Corporate Finance, 2006By signing a Shareholder Tender Agreement (STA) a shareholder pre-commits to tender her shares to a particular bidder, forsaking the right to tender to any subsequent bidder. In a representative sample of tender offers between 1995 and 2007, 60% of the offers contain an STA. STA deals are associated with lower premiums, greater ownership concentration,
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Current-Shareholder Bias and the Limits of Shareholder Empowerment
SSRN Electronic Journal, 2012Why do managers of widely-held firms fail to maximize firm value? The standard answer is that managers often pursue their own interests rather than shareholders’. I explain, however, that even managers completely loyal to the investors who hire and fire them -- the firm’s current shareholders will act in ways that diminish firm value.
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Shareholder Engagement inside and outside the Shareholder Meeting
SSRN Electronic Journal, 2023Tim Bowley+2 more
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Confirmation of shareholders and exercise of shareholder rights
Institute for Legal Studies Chonnam National University, 2021openaire +1 more source