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Shareholder activism and the lawthe future of us corporate governance /

Record Type:	Electronic resources : Monograph/item
Title/Author:	Shareholder activism and the lawDr. Ekrem Solak.
Reminder of title:	the future of us corporate governance /
Author:	Solak, Ekrem.
Published:	Abingdon, Oxon ;Routledge,2020.
Description:	1 online resource (xii, 222 p.)
Notes:	Based on author's thesis (doctoral - University of Edinburgh, 2018) issued under title: Evolving role of shareholders and the future of director primacy theory.
Subject:	StockholdersLegal status, laws, etc.United States.
Online resource:	https://www.taylorfrancis.com/books/9780429344954
ISBN:	9780429344954$q(ebook)

Shareholder activism and the lawthe future of us corporate governance /
Solak, Ekrem.

Shareholder activism and the lawthe future of us corporate governance /[electronic resource] :Dr. Ekrem Solak. - Abingdon, Oxon ;Routledge,2020. - 1 online resource (xii, 222 p.) - Routledge research in corporate law.

Based on author's thesis (doctoral - University of Edinburgh, 2018) issued under title: Evolving role of shareholders and the future of director primacy theory.

Includes bibliographical references and index.

Introduction -- Corporate Governance : Framework and Control Mechanisms -- Theoretical Aspects of Shareholder Activism -- The Landscape of Institutional Shareholders -- Shareholder Activism in US Corporate Governance -- Accommodating Shareholder Activism in the US System of Corporate Governance -- Conclusion

"This book provides a complete framework for contemporary shareholder activism and its implications over US corporate governance, which is based on the director primacy theory. Under director primacy theory, shareholders do not wishto be involved with the management, and when they do it equally means a transfer of power from the board of directors to shareholders, which in turn reduces the efficiency of the centralised decision-making in public-companies. However, this book demonstrates that shareholders do not use their power to transfer corporate control from the board to themselves, and even some form of shareholder activism is collaborative, which is a new paradigm for US corporate governance. Thisbook shows that while monitoring remains as a key contribution of shareholders, they also bring new informational inputs to corporate decision-making, which could not be obtained under the traditional board model. Accordingly, contemporaryshareholder activism enhances the board's decision-making and monitoring capacity, without undermining the economic value of the board authority. Therefore, this book sets out that the complete approach of contemporary shareholder activismshould be accommodated into US corporate governance. In doing so, this book considers not only legal and regulatory developments in the wake of the 2007-2008 financial crisis, but also the governance developments through by-law amendments.Furthermore, the author makes several recommendations to soften the current director primacy model: establishing a level playing for private ordering, adopting the proxy access default regime, the majority voting rule, the universal proxy rules, and enhancing the disclosure requirements of shareholders. The book will be of interest to academics and students of corporate governance, both in the US and internationally"--

ISBN: 9780429344954$q(ebook)Subjects--Topical Terms:

844101
Stockholders
--Legal status, laws, etc.--United States.Subjects--Index Terms:

Stockholder activismIndex Terms--Genre/Form:

214472
Electronic books.

LC Class. No.: KF1448

Dewey Class. No.: 346.73/0666

Shareholder activism and the lawthe future of us corporate governance /
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300 $a 1 online resource (xii, 222 p.)
490 1 $a Routledge research in corporate law
500 $a Based on author's thesis (doctoral - University of Edinburgh, 2018) issued under title: Evolving role of shareholders and the future of director primacy theory.
504 $a Includes bibliographical references and index.
505 0 $a Introduction -- Corporate Governance : Framework and Control Mechanisms -- Theoretical Aspects of Shareholder Activism -- The Landscape of Institutional Shareholders -- Shareholder Activism in US Corporate Governance -- Accommodating Shareholder Activism in the US System of Corporate Governance -- Conclusion
520 $a "This book provides a complete framework for contemporary shareholder activism and its implications over US corporate governance, which is based on the director primacy theory. Under director primacy theory, shareholders do not wishto be involved with the management, and when they do it equally means a transfer of power from the board of directors to shareholders, which in turn reduces the efficiency of the centralised decision-making in public-companies. However, this book demonstrates that shareholders do not use their power to transfer corporate control from the board to themselves, and even some form of shareholder activism is collaborative, which is a new paradigm for US corporate governance. Thisbook shows that while monitoring remains as a key contribution of shareholders, they also bring new informational inputs to corporate decision-making, which could not be obtained under the traditional board model. Accordingly, contemporaryshareholder activism enhances the board's decision-making and monitoring capacity, without undermining the economic value of the board authority. Therefore, this book sets out that the complete approach of contemporary shareholder activismshould be accommodated into US corporate governance. In doing so, this book considers not only legal and regulatory developments in the wake of the 2007-2008 financial crisis, but also the governance developments through by-law amendments.Furthermore, the author makes several recommendations to soften the current director primacy model: establishing a level playing for private ordering, adopting the proxy access default regime, the majority voting rule, the universal proxy rules, and enhancing the disclosure requirements of shareholders. The book will be of interest to academics and students of corporate governance, both in the US and internationally"-- $c Provided by publisher.
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