«A principle
of shareholder democracy must take into account the interests of both majority and minority shareholders,» she says.
CCBE fully acknowledges the potential risk that an imbalance of economic interest and voting control presents to the core
of shareholder democracy.
Not exact matches
Shareholder democracy activists should not get carried away by the arrival
of proxy access proposals north
of the border, according to a Toronto lawyer.
One funny aspect
of American
shareholder democracy is that normally only the board
of directors nominates candidates for the board
of directors.
But Mercer Bullard, professor
of law at the University
of Mississippi Law School and founder
of Fund
Democracy, an advocacy group for mutual fund
shareholders, told ThinkAdvisor on Thursday that «the plaintiffs have hurt their cause by delaying» filing a suit until now.»
An imbalance
of shares and votes may seem like an insurmountable obstacle to
shareholder democracy.
(Posted 24 December 2011) Significant current scandals, and those yet to come In no particular order Top salaries and bonuses - boardroom and
shareholder individual responsibility The multiple between top and average pay Lawyers fees - the cost
of the legal process Medical negligence claims against the NHS Care and treatment in the NHS «No win, no fee» personal injury compensation
Democracy and the voting system Lords reform Political party funding The domestic energy market and pricing The Tax system and its inefficiencies and complexities Subsidies for new energy generation schemes The amount
of crime fuelled by Drugs The availability
of drugs in prison.
He has argued that failed banks should not be bailed out, Lehman's collapse was not a disaster, AIG should be declared bankrupt, that naked short selling is not a problem, that backdating isn't so bad, insider trading should be legal, many corporate CEOs are underpaid, global solutions are worse than local solutions, Warren Buffett is overrated, Michael Milken is a great American, the collapse
of the hedge fund was not a scandal, hedge funds are over-regulated, education is overrated by the educated, bonuses at successful Wall Street's firms are deserved and possibly undersized, management buyouts are boons to the economy, Enron's management was victimized by an over-zealous prosecution, Sarbanes - Oxley should be repealed, corporate compliance culture is a disaster,
shareholder democracy is overrated, hostile takeovers ought to be revived, the market is permanently moving away from public ownership
of equity in corporations, private partnerships are on the rise, public ignorance is encouraged and manipulated by governments and corporations, experts overrate expertise, regulatory agencies are controlled by the businesses they supposedly regulate and Wall Street is much more fun than people give it credit for.
Improving
democracy inside firms, so that
shareholder proposals that fall short
of the majority threshold pass, would be value - increasing.
Professor Mohamed F. Khimji, the David Allgood Professor
of Business Law at Queen's University, has won a Social Sciences and Humanities Research Council Insight Grant as principal investigator for the project
Shareholder Democracy in Public Corporations — An Empirical and Economic Analysis.
Earlier this year, it began taking soundings on
shareholder democracy issues, including proposals on whether to ban slate voting and mandate majority voting, which would ensure all directors are elected by a majority
of voting
shareholders, advisory votes on compensation, and the effectiveness
of the proxy voting system.
Andrew MacDougall, a partner at Osler Hoskin & Harcourt LLP, served as counsel to an Institute
of Corporate Directors task force on
shareholder democracy.
The entire
shareholder democracy argument could be rendered moot, according to Sylvia Groves, unless something is done about the effectiveness
of the proxy voting system itself, the third strand
of the OSC's review.
CCGG Letter
of Response to the OSC Staff Notice 54 - 701: Regulatory Developments Regarding
Shareholder Democracy Issues