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3A - Formal and Informal Power: Voting and Influence

from 3 - Powers, Shareholders and Justifications for Duties

Published online by Cambridge University Press:  26 July 2019

Ernest Lim
Ernest Lim
Affiliation:
National University of Singapore
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Summary

I argue that none of the current explanations of why shareholders should be given voting powers are persuasive. I then explain the exercise of informal power through the exertion of influence.

Keywords

Voting rightsvoting powersinfluenceresidual claimantagentprincipalmaximisation of shareholder valuecontrolling shareholdersinstitutional shareholders
Type
Chapter
Information
A Case for Shareholders' Fiduciary Duties in Common Law Asia , pp. 99 - 136
Publisher: Cambridge University Press
Print publication year: 2019

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