Shareholder Activism

This book analyses benefits and drawbacks of shareholder activism in corporations under US American and German law, using means of new institutional economics. It focuses on shareholders' impact on nominations and elections, transaction and financial decisions, concluding that benefits and drawbacks require legal actions under both jurisdictions.

This book analyses and compares the benefits and drawbacks of shareholder activism in corporations under US American and German law, applying means of new institutional economics. The analysis concentrates on three fields of action of active shareholders in targeted corporations: nominations and elections, transaction decisions and financial decisions. The author evaluates and compares the effectiveness of the means which active shareholders use and of the limitations they face. She concludes that shareholder activism has benefits and drawbacks. Both require legal actions under the two jurisdictions, such as stronger nomination and election rights under US American law and more effective disclosure obligations under German law.

Contents: Benefits and Drawbacks of Shareholder Activism in Corporations under US American and German Law Analysis of Shareholder Rights and Limitations in the Areas of Nominations and Elections Transaction Decisions Financial Decisions Benefits and Drawbacks Statutory Amendments under American and German Jurisdictions.