It seems that most discussions about increased shareholder power sooner or later focus on whether and to what extent shareholders should have any responsibilities to the corporation or other shareholders.  In a recent article, Lynn Stout and Iman Anabtawi make the case for extending fiduciary duty rules to activists minority shareholders to reduce the possibility of self-interested behavior.  In a less dramatic way, some institutional investors also appear inclined to point out the importance of shareholders exercising their rights responsibly.  Thus, the International Corporate Governance Network --an investor led not for profit company organized under the laws of England and Wales to examine and encourage corporate good governance practices--has generated a statement on shareholder responsibilities, emphasizing the importance of being consistent, engaging in constructive dialogue, and having a clear approach for situations where dialogue fails.

Corporate Governance | Bookmark

TrackBack URL for this entry:
http://www.typepad.com/t/trackback/38673/28082468

Links to weblogs that reference Shareholder Responsibilities: