The pattern of ownership and control of British industry compared with most other countries in that ownership is relatively dispersed. Typically the largest shareholder in any large listed company is likely to own a voting minority of the shares. Majority ownership by a single shareholder is...

This paper considers incentives faced by investors (financial institutions) to become actively involved in the governance of under-performing companies in their portfolio as recently proposed. By considering the private benefits and the costs of investor activism separately, it questions the...

There is no consensus on the properties of voting power indices when there is a large number of voters in a weighted-voting body. On the one hand, in some real-world cases that have been studied the power indices have been found to be nearly proportional to the weights (e.g., the EUCM, US...