Voting on Corporate Governance Shareholder Proposals 1996

Voting on Corporate Governance Shareholder Proposals 1996
Author: Jim Singer
Publisher: Investor Responsibility Research Center
Total Pages: 96
Release: 1997-07-01
Genre:
ISBN: 9781879775503

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Company-specific & summarized information on how shareholders voted on shareholder proposals to redeem company poison pills, declassify boards of directors, restrict executive & director pay, restrict director pension plans, adopt confidential voting & a host of other issues that were included in proxy statements or offered from the floor during 1996 annual meetings. Summary statistics include average votes on significant issues & multi-year trends in shareholder voting. The company by company analysis includes companies' financial performance data, voting requirements, voting results & proposal proponents.

Corporate Governance Around the World

Corporate Governance Around the World
Author: Ahmed Naciri
Publisher: Routledge
Total Pages: 545
Release: 2008-02-14
Genre: Business & Economics
ISBN: 1134087888

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The last Asian financial crisis, coupled with the western series of corporate scandals, has caused investors and citizens to doubt mangers ability to guarantee credible financial information about organizations. Consequently, legislators all over the world have come to realise the necessity of legislating in the area of corporate governance.

Comparative Company Law

Comparative Company Law
Author: Andreas Cahn
Publisher: Cambridge University Press
Total Pages: 1095
Release: 2018-10-04
Genre: Law
ISBN: 1107186358

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Presents in-depth, comparative analyses of German, UK and US company laws illustrated by leading cases, with German cases in English translation.

Corporate Governance Proposals and Shareholder Activism

Corporate Governance Proposals and Shareholder Activism
Author: Stuart Gillan
Publisher:
Total Pages:
Release: 1998
Genre:
ISBN:

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We study shareholder proposals across a period of substantial activity and find systematic differences both across sponsor identity and across time. To understand how these proposals are perceived by other investors, we examine voting outcomes and short-term market reactions conditioned on proposal type and sponsor identity. The voting analysis documents that sponsor identity, issue type, prior performance and time period are important influences on the voting outcome. Moreover, it appears that proposals by institutional and coordinated activists act as substitutes. The nature of the stock market reaction, while typically small, varies according to the issue and the sponsor identity.

Shareholder Democracy

Shareholder Democracy
Author: Lisa M. Fairfax
Publisher:
Total Pages: 0
Release: 2011
Genre: Corporate governance
ISBN: 9781594609190

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This book offers a succinct, practical guide for understanding what some have referred to as shareholder democracy--efforts to facilitate and increase shareholder voting power within the corporation. In the past few years there has been a surge in shareholder activism that has had a profound impact on the corporation. Shareholders and other activists have sought to increase shareholders' voting power within the corporation based largely on the belief that increasing shareholder power will increase director and officer accountability, thereby helping to curb corporate misconduct and improve corporate performance. However, there is intense debate regarding whether increased shareholder power can achieve such objectives and whether increased shareholder power will negatively impact the corporation. This book is the first to provide a concise, but comprehensive look at the various ways in which shareholders have sought to enhance their voting power and influence within the corporation. In addition to examining shareholder activism, this book highlights and analyzes the debate regarding the propriety of increased shareholder power. This book also analyzes the impact of recent developments aimed at facilitating shareholder power such as majority voting, say on pay, and proxy access. This book will serve as a useful tool not only for those who desire a straight-forward analysis of shareholder rights and activism, but also for those seeking a reference guide on an issue of growing importance to corporate law and corporate governance.

Implied Volatility Functions

Implied Volatility Functions
Author: Bernard Dumas
Publisher:
Total Pages: 34
Release: 1996
Genre: Options (Finance)
ISBN:

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Abstract: Black and Scholes (1973) implied volatilities tend to be systematically related to the option's exercise price and time to expiration. Derman and Kani (1994), Dupire (1994), and Rubinstein (1994) attribute this behavior to the fact that the Black-Scholes constant volatility assumption is violated in practice. These authors hypothesize that the volatility of the underlying asset's return is a deterministic function of the asset price and time and develop the deterministic volatility function (DVF) option valuation model, which has the potential of fitting the observed cross-section of option prices exactly. Using a sample of S & P 500 index options during the period June 1988 through December 1993, we evaluate the economic significance of the implied deterministic volatility function by examining the predictive and hedging performance of the DV option valuation model. We find that its performance is worse than that of an ad hoc Black-Scholes model with variable implied volatilities.