Abstract
Shareholders activism is no longer a typical American phenomenon. Many European companies have become familiar with shareholder actions too. Shareholders are making use of their rights and act against management deficiencies. It is the duty of the board of directors to guard against these actions of shareholders. The response lies not in raising protective shields but in the development of risk management systems incorporating shareholder activism risks.
Original language | English |
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Pages (from-to) | 229-242 |
Number of pages | 14 |
Journal | ERA Forum |
Volume | 15 |
Issue number | 2 |
Publication status | Published - 2014 |
Keywords
- Shareholder activism
- Shareholder rights
- Risk management system