Institutional Shareholders and Corporate Governance

by Geof Stapledon

Overview

This book examines the role of institutional shareholders in corporate governance, which is the system by which companies are directed and controlled. This si a subject of great concern to "public companies", their management, their shareholders and their employees. The recent concern about the effectiveness of corporate governance in a number of different countries has produced an outpouring of books and other publications including the Cadbury Committee Report which sought to address the principal problems arising in the UK. The unusual feature of this book is that it compares systems operating in Australia with those in the UK while at the same time also looking carefully at US, German and Japanese experience. The significance of the subject matter of this book lies in the fact that institutional investors collectively hold a very large proportion of the equity capital of the UK "corporate sector", and a sizeable proportion of the equity capital of the Australian equivalent. In addition domestic companies in turn occupy an extremely significant position in the UK economy and a significant one in the Australian economy. How these companies are managed is of very great significance to the economies of these countries.

Product Details

ISBN-13:	9780198260882
Publisher:	Oxford University Press
Publication date:	08/29/1996
Pages:	408
Product dimensions:	9.21(w) x 6.14(h) x 0.94(d)
Lexile:	1830L (what's this?)

About the Author

University of Melbourne

Editorial Reviews

"Stapledon's analysis is clear, well argued, and based on a thorough survey of the literature. The book will be invaluable to all with an interest not only in the role of the institutions in corporate governance, but in corporate governance in general."—The Company, Financial and Insolvency Law Review

"...this book provides invaluable insights into institutional investor behavior in the context of corporate governance it is highly recommended."—Waikato Law Review

"The book contributes to a detailed understanding of the rise of institutional investors in both countries [Great Britain and Australia]...Stapledon deserves credit for providing a good reference source for others who may examine the Australian system of corporate governance and compare it , not only to Great Britain, but also to the United States, Germany, and Japan."—Michigan Law Review

From the Publisher