Shareholders activism and shareholders power to instruct
Objective: An important measure of shareholder primacy and activism is the power to initiate and approve proposals. However, in many countries which have transplanted or inherited the Anglo-Saxon governance model represented by the UK, shareholders intending to present their proposals to the gener...
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2016
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/50384/ http://irep.iium.edu.my/50384/ http://irep.iium.edu.my/50384/1/50384_schedule.pdf |
| Summary: | Objective: An important measure of shareholder primacy and activism is the power to initiate and approve
proposals. However, in many countries which have transplanted or inherited the Anglo-Saxon governance
model represented by the UK, shareholders intending to present their proposals to the general meeting often
face a significant legal barrier due to the division of power doctrine. The article examines recent decisions
within the Commonwealth where attempts have been made to reconfigure the division of power doctrine
which functions to confer to the board the power to decide on management matters.
Method: The article examines the position in several Commonwealth countries regarding director primacy.
Result: : This article provides guidance to directors and investors in navigating the limits of the legal
framework regarding the power to instruct and offers insights to policy makers interested in enhancing
shareholders empowerment. |
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