机读格式显示(MARC)
- 000 03209pam a2200349 i 4500
- 008 200128s2020 enk b 001 0 eng
- 020 __ |a 9780367344634 |q (hardback)
- 020 __ |z 9780429344954 |q (ebook)
- 020 __ |a 9780367497576 |q paperback
- 040 __ |a DLC |b eng |e rda |c DLC
- 050 00 |a KF1448 |b . S65 2020
- 082 00 |a 346.73/0666 |2 23
- 100 1_ |a Solak, Ekrem, |e author.
- 245 10 |a Shareholder activism and the law : |b the future of us corporate governance / |c Dr. Ekrem Solak.
- 260 __ |a Abingdon, Oxon ; |a New York, NY : |b Routledge, |c 2020.
- 300 __ |a xii, 222 pages ; |c 24 cm.
- 336 __ |a text |b txt |2 rdacontent
- 337 __ |a unmediated |b n |2 rdamedia
- 338 __ |a volume |b nc |2 rdacarrier
- 490 0_ |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.
- 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 wish to 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. This book 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, contemporary shareholder 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 activism should 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.
- 650 _0 |a Stockholders |x Legal status, laws, etc. |z United States.
- 650 _0 |a Corporate governance |x Law and legislation |z United States.
- 653 __ |a Stockholder activism