mechanism to monitor management and are instrumental in mitigating the agency conflict between managers and shareholders. We … detrimental to the long term interests of companies and their long term shareholders. Moreover, our findings suggest that hedge … funds generate substantial long term value for target firms and its long term shareholders when they function as a …

current proposal relies exclusively on shareholders to drive the shift to a longer-term perspective. Especially after the … financial crisis, there is no clear reason for this exclusive reliance on shareholders. Although shareholders have and should … have specific rights in corporate governance, shareholders do not own companies. Their relationship with the company is a …

norm embedded in the federal securities laws. A key to the argument is the distinction between "shareholders" and … rights to shareholders alone (with say-on-pay rules proving no exception). The essay does not dispute that shareholders as a … all investors over those of shareholders alone …

influential, yet unaccountable, shareholders. Governance entrepreneurs in the market for corporate influence must first identify …/or other shareholders of the wisdom of their policies, before they will be permitted to share the authority necessary to …

Corporate bylaws are the new leading edge of a decades-long struggle between shareholders and managers over the … allocation of decision-making authority in public companies. Bylaws are the only method by which shareholders can unilaterally … in circumstances where shareholders' other core rights, i.e., the ability to exit the firm or sue its fiduciaries, are …

of contemplated management actions, business plans, and long-term strategies to be measured in dollar value. Managers in …

exclusive authority to decide whether shareholder proposals on proxy access, the ability of certain privileged shareholders to … Board approves. The proposals usually limit the availability of proxy access to large institutional shareholders who have … years. Roughly 200 companies received proxy-access proposals in 2016. Shareholders need to be informed about the value of …