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Shareholder entitlement, primacy and empowerment
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Talbot, Lorraine (2010) Shareholder entitlement, primacy and empowerment. Working Paper. Coventry: Department of Law, University of Warwick. Warwick School of Law Research Paper Series (Number 2010/10).
An open access version can be found in:
Official URL: http://ssrn.com/abstract=1605252
Abstract
My purpose in this paper is to examine three distinct approaches to the notion that companies should be run in the interests of shareholders; shareholder entitlement, shareholder primacy, and shareholder empowerment. I show how these ideologies were a response to a particular set of political and economic developments using material on the United Kingdom, European Union and the United States. I show the negative impact of shareholder primacy and argue that empowering shareholders – particularly where the only shareholders with significant economic power are institutions – is a retrograde and populist step that will merely amplify the damage caused by shareholder primacy governance.
Item Type: | Working or Discussion Paper (Working Paper) | ||||
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Divisions: | Faculty of Social Sciences > School of Law | ||||
Series Name: | Warwick School of Law Research Paper Series | ||||
Publisher: | Department of Law, University of Warwick | ||||
Place of Publication: | Coventry | ||||
Official Date: | 12 May 2010 | ||||
Dates: |
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Number: | Number 2010/10 | ||||
Number of Pages: | 42 | ||||
Institution: | University of Warwick | ||||
Status: | Peer Reviewed | ||||
Publication Status: | Published | ||||
Access rights to Published version: | Restricted or Subscription Access | ||||
Open Access Version: |
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