Despite investors’ growing influence in contemporary corporations, considerable uncertainty persists about the impact of shareholder empowerment. Proponents claim that empowered shareholders
will improve managerial accountability and firm performance; critics warn that empowering shareholders will merely compound the problem of managers’ and shareholders’ self-serving behavior.
In this volume, leading management experts offer critical insights into the promises and illusions of shareholder empowerment, the discrepancies between theory and practice, and the
challenges posed by variations in global corporate governance regimes.
Rather than focus on the financial and legal perspectives on shareholder primacy and empowerment, this volume uniquely assesses the debate by applying new and existing management theories and
practices. It further addresses where diverse shareholders such as hedge funds, institutional investors, individual shareholders, and state and religious organizations stand on the
shareholder empowerment debate.
