Impact de l'activisme actionnarial canadien: une étude des projets de résolution en lien avec la gouvernance

Sylvie Berthelot (), Vanessa Serret () and Stéphanie Donahue ()
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Sylvie Berthelot: Département Comptabilité et Management - UdeS - Université de Sherbrooke
Vanessa Serret: IREA - Institut de Recherche sur les Entreprises et les Administrations - UBS - Université de Bretagne Sud
Stéphanie Donahue: UdeS - Université de Sherbrooke

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Abstract: This study examines the rate or percentage of shareholder proposals implemented after being proposed at annual shareholder meetings. The study concentrates notably on shareholder proposals related to governance practices of Canadian companies. The results of data analyzed from 142 proposals tend to indicate that the implementation rate, although low, varies as a function of the subject matter proposed and the type of shareholders involved. Moreover, the fact that the proposals were not put to a vote or that the ballots were less than 50% seems to have little impact on the implementation of the particular governance practices specified by the proposals.

Keywords: Shareholder activism; shareholder's proposals; market rules; governance; Activisme actionnarial; résolutions d'actionnaires; réglementation des marchés; gouvernance (search for similar items in EconPapers)
Date: 2011-05-10
Note: View the original document on HAL open archive server: https://hal.science/hal-00646742
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Published in Comptabilités, économie et société, May 2011, Montpellier, France. pp.cd-rom

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00646742

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