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|Additional Physical Format:||Print version:
Hartmann, Marion D.
Shareholder Activism : Benefits and Drawbacks.
Frankfurt : Peter Lang GmbH, Internationaler Verlag der Wissenschaften, ©2014
|Material Type:||Document, Thesis/dissertation, Internet resource|
|Document Type:||Internet Resource, Computer File|
|All Authors / Contributors:||
Marion D Hartmann
|Description:||1 online resource (468 pages).|
|Contents:||Cover; Acknowledgements; Summary of Contents; Table of Contents; List of Abbreviations; Bibliography; A) The thesis; I) Motivation; II) Aim, scope, and method; 1) Aim; 2) Scope; 3) Method; B) Introduction to shareholder activism; I) What is shareholder activism?; 1) Definition of shareholder activism; 2) Motivation to become active; 3) History of shareholder activism; 4) Actors of shareholder activism; 5) Targeted firms; 6) Strategies and means used by active shareholders; 7) Criticism regarding active shareholders; II) Theoretical background of shareholder activism -legal and microeconomic. 1) The concept of the firm2) Authority allocation in the corporation; 3) The purpose of the corporation; 4) The corporate decision-making process; 5) The separation of ownership and control in the corporation; III) Systemic differences for shareholder activism in the UnitedStates and Germany; 1) Organizational authority allocation within the administration; 2) Markets; a) Number of corporations; b) Corporate finance; c) Shareholder structures; 3) Decision-making practice of the shareholder meeting; 4) Politics; 5) Labor interests according to German law; 6) Relevant law levels. IV) Structure and initial thesisC) Part I: Shareholder impact on nomination and election procedures; I) Introduction; 1) Significance of nomination and election rights and procedures; 2) Shareholder influence on the amendment of and design of rules-of-the game decisions and rule design; a) Shareholder means to influence rule-of-the-game decisions; i) Under U.S.-American corporate law; ii) Under German corporate law; b) Designing corporate rules; 3) Introducing hypothesis regarding the impact of active shareholders onnomination and election procedures. II) Shareholder impact on the nomination and election procedure sunder U.S.-American law1) Introduction; 2) Context of directorial nomination and election process; a) Removal of directors; b) Appointment and removal of executive officers; c) Practical relevance of nominating committees; 3) Legal analysis of the four issues related to nomination and electionprocedures; a) A closer look at the four issues; b) Starting point mandatory shareholder proposals; c) Exclusion under Rule 14a-8(i)(1) SEA; i) Rule 14a-8(i)(1) SEA in general. Ii) Mandatory bylaw amendment proposals under Rule 14a-8(i)(1) SEA(1) SEC staff decisions; (2) Court decisions; (3) Legal scholars; (4) Functional counter arguments; (5) Recent developments; d) Exclusions under Rule 14a-8(i)(8) SEA; i) The proxy access rule; (1) Significance of proxy access rule; (a) Theoretical alternatives; (b) Significance of the shareholder nomination right; (c) Counterarguments; (2) Chronological legal evaluation of proxy access pro; (3) Potential Rule 14a-11 SEA (2003); (4) AFCSME v. AIG; (5) SEC's reaction to the Second Circuit decision; (6) Excursion: the internet age.|
|Series Title:||Schriftenreihe zum Gesellschafts- und Kapitalmarktrecht, Bd. 43.|
|Responsibility:||Marion D. Hartmann.|
- Stockholders -- Legal status, laws, etc.
- Stockholders' meetings -- Law and legislation.
- Corporate governance.
- Corporate governance -- Law and legislation -- Germany.
- Corporate governance -- Law and legislation -- United States.
- Stockholders -- Legal status, laws, etc. -- Germany.
- Stockholders -- Legal status, laws, etc. -- United States.
- LAW -- Administrative Law & Regulatory Practice.