Anand, Anita --- "Implications of shareholder activism" [2017] ELECD 1146; in Vasudev, M. P.; Watson, Susan (eds), "Global Capital Markets" (Edward Elgar Publishing, 2017) 17

Book Title: Global Capital Markets

Editor(s): Vasudev, M. P.; Watson, Susan

Publisher: Edward Elgar Publishing

ISBN (hard cover): 9781786432865

Section: Chapter 1

Section Title: Implications of shareholder activism

Author(s): Anand, Anita

Number of pages: 18

Abstract/Description:

This chapter asserts that shareholder democracy, or the ability of shareholders to influence the corporation through their vote, underpins the legitimacy of shareholder activism. Examining the empirical literature that evidences the benefits of shareholder activism, the chapter argues in favour of increased shareholder representation in director nominations by proxy, not only for the sake of shareholder democracy, but also for the overall benefit of the corporation. Keywords: • Shareholder activism • Hedge fund activism • Shareholder democracy • Director primacy • Proxy access • Canada Business Corporations Act