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actions, this paper shows that SCAs are a catalyst to promote disciplinary takeovers, CEO turnover and pay-cuts, and harm CEOs …
Persistent link: https://www.econbiz.de/10010688285
Supreme Court has called “illicit manipulation of a board's deliberative processes” or “fraud upon the board”). Commission of … fraud on the board is an omnipresent temptation for self-interested controllers, activist stockholders, officers, financial … advisors, and their legal counsel. Fraud can be used to put a company in play, steer a sale process toward a favored bidder …
Persistent link: https://www.econbiz.de/10012889973
should remedy and deter tortious misconduct that corrupts board decision-making. Commission of fraud on the board is an … counsel. Fraud can be used to put a company in play, steer a sale process toward a favored bidder, suppress the sale price to … reinterpreted as occasions when courts made tentative or final determinations that a board decision was corrupted by fraud or …
Persistent link: https://www.econbiz.de/10012896823
developments as to takeovers and the corporate objective. In contrast, the EMH and related learning have failed to sufficiently …. One key aspect of the informational predicate relates to the disclosure challenges associated with financial innovations …
Persistent link: https://www.econbiz.de/10010603964
At the heart of corporate governance are fundamental doctrines that limit court scrutiny of fiduciary and stockholder …
Persistent link: https://www.econbiz.de/10014349324
This article examines the Proper Purpose Rule and the Exercise of Directors' Power in the recent JKX case as decided by the UK Supreme court. The decision of the JKX case now represents the leading Common law authority on the interpretation and application of the Proper Purpose Rule (the Rule or...
Persistent link: https://www.econbiz.de/10012928202
actions, this paper shows that SCAs are a catalyst to promote disciplinary takeovers, CEO turnover and pay-cuts, and harm CEOs …
Persistent link: https://www.econbiz.de/10013114423
governance countries do takeovers that generate higher stock-returns and increase post-takeover operating performance. Their …This paper examines the relationship between acquirer size, sovereign governance, and value-creation in acquisitions … primarily from agency and entrenchment problems. However, in weak governance environments, size might have off-setting benefits …
Persistent link: https://www.econbiz.de/10010776950
research is needed to examine the interactions between disclosure, information, and governance. …. Information production can be mandated outside of markets through increased regulatory disclosure. Regulators can also directly … motivate potential producers of information by changing their incentives. Traditional approaches to bank governance may …
Persistent link: https://www.econbiz.de/10010604243
Brazil is one of the world's largest emerging markets, with many opportunities for development. Persuading financiers to commit funds to Brazilian firms requires effective corporate and securities laws to facilitate ‘arm's length' contracting. Enforcement of these laws is problematic....
Persistent link: https://www.econbiz.de/10012965206