Holdings: Does More Power for Shareholders Undermine Board Stewardship?

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Does More Power for Shareholders Undermine Board Stewardship?

The level of shareholders' expertise and experience needs to be questioned as they wield greater clout and become more deeply involved in strategic issues that should be the board's purview. This misdirected involvement distracts sharehol...

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Bibliographic Details
Main Author:	World Bank
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACQUISITION ACQUISITIONS AGENCY COST AGENCY COSTS ALLEGIANCE ASYMMETRIC INFORMATION BANKS BENEFICIARIES BOARD MEETINGS BUSINESS COMMUNITY BUSINESS CORPORATION BUSINESS CORPORATION LAWS CAPITAL MARKETS CEO CHAIRMAN AND CEO COMMON LAW COMPANY CONFLICTS OF INTEREST CONTROLLING SHAREHOLDERS CORPORATE BOARD CORPORATE DECISION CORPORATE DIRECTOR CORPORATE GOVERNANCE MECHANISMS CORPORATE GOVERNANCE REFORM CORPORATE GOVERNANCE STANDARDS CORPORATE PERFORMANCE CORPORATION CORPORATIONS COST OF CAPITAL COST REDUCTION DECISION MAKING DECISION-MAKING DECISION-MAKING PROCESS DERIVATIVE DERIVATIVE ACTION DEVELOPING COUNTRIES EMERGING MARKETS EMERGING-MARKET EXECUTION FINANCE CORPORATION FINANCIAL CRISIS FIRMS FUND MANAGER GLOBAL CORPORATE GOVERNANCE GLOBAL PRIVATE SECTOR GOOD CORPORATE GOVERNANCE GOOD GOVERNANCE GOVERNANCE GUIDELINES GOVERNANCE ISSUES GOVERNANCE PRACTICES GOVERNANCE SYSTEM GOVERNANCE SYSTEMS GOVERNMENT AGENCIES HOLDING HOLDINGS INDEPENDENT DIRECTORS INDIVIDUALS INSTITUTIONAL INVESTORS INTERNATIONAL CORPORATE GOVERNANCE INTERNATIONAL FINANCE INTERNATIONAL PORTFOLIO INTERNATIONALIZATION INVESTEE COMPANIES INVESTIGATION INVESTING INVESTMENT BANKING INVESTOR INTEREST ISSUANCE LEGAL AUTHORITY LEGAL FRAMEWORK LEGAL RIGHTS LIMITED LISTED COMPANIES LOCAL INSTITUTIONS MAJORITY VOTING MARKET CAPITALIZATION MARKET DEVELOPMENT MARKET PRICE MERGERS NATIONAL BANK OUTSOURCING PENSION PENSION REFORM PORTFOLIO INVESTMENT PORTFOLIOS PUBLIC POLICY REGULATOR REGULATORS REGULATORY FRAMEWORK REGULATORY STRUCTURES RISK MANAGEMENT SECURITIES SEES SHAREHOLDER SHAREHOLDER ACTIVISM SHAREHOLDER ADVOCATE SHAREHOLDER APPROVAL SHAREHOLDER MEETING SHAREHOLDER VALUE SHAREHOLDER VOTE SHAREHOLDERS SOCIETY STAKEHOLDERS STOCK EXCHANGE STOCK EXCHANGES STOCK MARKET STOCK MARKET CAPITALIZATION STOCK MARKET DEVELOPMENT SUBSIDIARY TRUST FUND
Online Access:	http://documents.worldbank.org/curated/en/2011/01/14499021/more-power-shareholders-undermine-board-stewardship http://hdl.handle.net/10986/11067

Internet

http://documents.worldbank.org/curated/en/2011/01/14499021/more-power-shareholders-undermine-board-stewardship
http://hdl.handle.net/10986/11067