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Google recently announced that it would seek to cement its founders' control through the issuance of non-voting stock. In this commentary, I argue that while I am supportive of strong stewardship by Google's founders, its proposal would excessively entrench control and should therefore be...
Persistent link: https://www.econbiz.de/10013107463
Financial incentives are important tools for aligning the interests of executives and shareholders, particularly in markets with dispersed share ownership where investors struggle to actively monitor management. Today, however, there is widespread investor dissatisfaction with executive...
Persistent link: https://www.econbiz.de/10013149789
'One-share, one-vote,' a bedrock principle of Anglo-Saxon corporate governance, is back in the spotlight. Except this time, the aim is to diminish its application rather than to extend its global footprint.Hoping to stem the tide of short-termism in the financial markets, prominent commentators...
Persistent link: https://www.econbiz.de/10012857117