Board-Shareholder Dialogue
Policy Debate, Legal Constraints and Best Practices
Published on 7. November 2024
Book
Hardback
588 pages
978-1-009-36076-0 (ISBN)
Description
This book provides corporate law scholars and students and practitioners at law firms, advisory services firms and asset managers with a comprehensive and rigorous analysis of the financial, managerial, policy and legal issues arising from a key feature of today's corporate governance environment, namely, the dialogue between shareholders and corporate boards. Bringing together top corporate law and corporate governance scholars from the world's leading academic institutions, the collection is characterized by a multi-dimensional approach that takes into account the particularities of some national legal systems and combines theoretical analysis with practical insights into various aspects of board-shareholder dialogue.
Reviews / Votes
'This superb book brings together top scholars from around the world on one of the most important corporate governance issues of our time: engagement between boards of directors and institutional shareholders.' Elizabeth Pollman, Professor of Law, University of Pennsylvania Carey Law School 'Board-Shareholder Dialogue is a comprehensive compendium of the current state of play of shareholder engagement in US, European and East Asian companies, authored by eminent academics in the field. It elegantly covers several topical and important aspects of corporate governance, and forms an invaluable guide for researchers, practitioners and policymakers.' Bobby V. Reddy, Professor of Corporate Law and Governance, University of Cambridge 'This collection of papers provides rigorous and thoughtful analyses of the role that the dialogue between boards of directors and shareholders plays in the governance and long-term performance of companies. Its analysis of the ESG investment and engagement strategies by investors greatly deepens our understanding of the motivations and impact of these initiatives. This book offers a comprehensive introduction to this set of issues written by some of the leading scholars in the field.' Joseph A. McCahery, Professor, Tilburg UniversityMore details
Series
Language
English
Place of publication
Cambridge
United Kingdom
Target group
Professional and scholarly
Illustrations
Worked examples or Exercises
Dimensions
Height: 235 mm
Width: 157 mm
Thickness: 36 mm
Weight
991 gr
ISBN-13
978-1-009-36076-0 (9781009360760)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Persons
Luca Enriques is Professor of Corporate Law at Oxford University and a Research Fellow at the European Corporate Governance Institute. He has published widely in the fields of comparative corporate law and financial regulation. Between 2007 and 2012 he was a commissioner at the Italian securities market authority. Giovanni Strampelli is Professor of Business Law and Director of the Ph.D. in Legal Studies at Bocconi University, Milan. His research interests include corporate law, accounting law, bankruptcy law and securities regulation. He is a member of the Board of Directors of the Italian Association of Business Law Professors.
Content
1. The dialogue between corporations and institutional investors: an introduction Luca Enriques and Giovanni Strampelli; 2. The new corporate governance Oliver Hart and Luigi Zingales; 3. Corporate purpose and shareholder voice Paul A. Davies; 4. 'The purpose of corporate purpose statements: a response to 'shareholder voice and corporate purpose: the purposeless of mandatory corporate purpose statements' by Paul Davies' Colin Mayer; 5. Systemic stewardship with tradeoffs Marcel Kahan and Edward Rock; 6. How to facilitate ESG investor engagement Wolf Georg Ringe; 7. Giant asset managers, the big three, and index investing Dorothy Lund and Adriana Z. Robertson; 8. Board-shareholder engagement and insider regulation Lars Kloehn; 9. Board-shareholder engagement and disclosure obligations under corporate governance codes Ana Taleska; 10. Market soundings rules: the challenges and opportunities for board-shareholder engagement Jennifer Paybe; 11. Board-shareholder engagement and M&A Afra Afsharipour; 12. Emerging ESG-driven models of shareholder collaborative engagement Peter O. Muelbert and Alexander Sajnovits; 13. How does board-shareholder engagement really work? Evidence from a survey of corporate officers and from disclosure data Matteo Gatti, Giovanni Strampelli and Matteo Tonello; 14. Board shareholder engagement and directors' appointments Anna Christie; 15. Something old, something new: cultivating institutional investor engagement through shareholder stewardship Dionysia Katelouzou; 16. Shareholder engagement inside and outside the shareholder meeting Tim Bowley, Jennifer G. Hill and Steve Kourabas; 17. The perils and promise of shareholders as stakeholder advocates Lisa M. Fairfax; 18. Shareholder proposals and the debate over sustainability disclosure Jill Fisch; 19. Blockchain applications in corporate governance: opportunities and challenges for shareholder and stakeholder participation Anne Lafarre and Christoph Van der Elst; 20. Hedge fund engagement in East Asia Lin Lin.