Blockchain Technology for Corporate Governance and Shareholder Activism

Author(s):  
Anne Lafarre ◽  
Christoph Van der Elst
2016 ◽  
Vol 38 (2) ◽  
pp. 415-435 ◽  
Author(s):  
Maria Goranova ◽  
Rahi Abouk ◽  
Paul C. Nystrom ◽  
Ehsan S. Soofi

Author(s):  
Derek French

This chapter surveys corporate governance. It identifies the key problem of the separation of ownership and control in companies that are not owner-managed. Shareholders are seen as the owners of the company but directors manage the company and can do so for their own benefit rather than the shareholders’. There is a list of the numerous legal controls on directors, which are studied in other chapters. There is discussion of two ways of looking at directors, either as stewards who must account for their actions to the owners or as entrepreneurs whose wealth-creating work deserves reward. The UK Corporate Governance Code, which applies to premium listed companies, is discussed, as is shareholder activism.


2019 ◽  
Vol 0 (0) ◽  
Author(s):  
Margaret M. Blair

Abstract The last book by legal scholar Lynn Stout proposes a bold plan to transform corporate governance and enhance their sustainability by creating a “Universal Fund” that would acquire a substantial share of many publicly traded corporations, but hold those shares passively. The plan would also help to redistribute wealth and income to reduce the effects of factors that are driving income inequality. This review examines how the plan might work, and where it is likely to run into problems.


2021 ◽  
Vol 3 (3) ◽  
pp. 2333-2348
Author(s):  
João Luís do Nascimento Mota ◽  
Ana Elisa Linhares de Meneses Braga ◽  
Rama Lucas Andrade

O presente trabalho tem como objetivo analisar a consonância existente entre o ativismo dos acionistas, a teoria de agência e governança corporativa no mercado de ações. Para isso foi necessário conhecer as respectivas teorias, seu surgimento e aplicabilidade, conceitos e definições de governança corporativa. A fim de atingir o objetivo preconizado recorreram-se metodologicamente às pesquisas bibliográficas através de artigos, monografias, dissertações, teses, sítios do IBGC, onde se obteve o seu Estatuto e Código de Melhor Pratica de Governança Corporativa e o sitio de BMBOVESPA. O ativismo dos investidores é sempre necessário para uma boa prática de governança corporativa e aplicabilidade dos seus princípios. Neste contexto, pode se observar, como preconizado que existe uma relação intrínseca entre ativismo dos acionistas, a teoria de agencia e governança corporativa.


2015 ◽  
Vol 13 (1) ◽  
pp. 520-533 ◽  
Author(s):  
Khurram Parvez Raja ◽  
Alex Kostyuk

The paper outlines shareholder activism development in common law and civil law countries and identifies features of these legal systems that create preconditions and obstacles for shareholder activism. Our findings show that tendencies of shareholder activism depend on the type of the legal system, but also vary within the countries that share the same legal system. Thus, we conclude that the type of legal system is not the chief determinant of shareholder activism. A comparative analysis of shareholder activism in Germany and Ukraine (civil law countries) and the USA and the UK (common law countries) shows that the system of domestic corporate regulation, development of the stock market, companies’ capitalization and corporate governance influence the development of shareholder activism in equal measure.


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