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Part II - Role of General Meeting and Shareholders

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 shareholdersAgentagencygeneral meetingshareholdersinterests of the companylong term value and viability of the companycorporate purposecontrolling shareholdersfiduciary dutiesControlling shareholdersextraction of private benefits of controltunnelingrelated party transaction (RPT)conflict of interestInstitutional shareholdersstewardship codehedge fundconflict of interestEU shareholder rights directivemutual fundpension fundComparative lawUS lawGerman lawtransplantvotes are property rightsshareholders can vote as they pleasePender v Lushingtonconflict of interestconflict of dutiesproxy advisors
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Chapter
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A Case for Shareholders' Fiduciary Duties in Common Law Asia , pp. 97 - 370
Publisher: Cambridge University Press
Print publication year: 2019

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