Shareholder Democracy: An Analysis of Shareholder Involvement in Corporate Policies

Shareholder Democracy: An Analysis of Shareholder Involvement in Corporate Policies
ISBN-10
9490947555
ISBN-13
9789490947552
Category
Corporate governance
Pages
166
Language
English
Published
2012-06
Publisher
Eleven International Pub
Authors
Mieke Olaerts, C. A. Schwarz

Description

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 thevery 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" --

Other editions

Similar books