 A new politics of engagement: shareholder activism for corporate social responsibilityAnastasia O'Rourke Business Strategy and the Environment, 2003, vol. 12, issue 4, 227-239 Abstract: Shareholder groups are increasingly going beyond the decision to invest, not to invest, or to divest by proposing and voting on company specific corporate social responsibility (CSR) issues at annual shareholder meetings. This activity is joined by an increasingly sophisticated ‘strategy of engagement’ by both shareholders and companies. In the process, a model of investor capitalism based on ‘responsible ownership’ is being forged that addresses social and environmental issues previously outside the domain of most shareholders. This paper traces a historical perspective on the growth and spread of shareholder activism, describes the key actors currently involved in this activity, illustrates the CSR issues being raised, explains the process of preparing resolutions and entering into dialogue, assesses some of the results gained so far and lays a conceptual foundation to help analyse the effectiveness of shareholder activism and assess the viability of models of ‘shareholder democracy’. Copyright © 2003 John Wiley & Sons, Ltd and ERP Environment. Date: 2003 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:bla:bstrat:v:12:y:2003:i:4:p:227-239 Ordering information: This journal article can be ordered from Access Statistics for this article Business Strategy and the Environment is currently edited by Richard Welford More articles in Business Strategy and the Environment from Wiley Blackwell |
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