Beating Shareholder Activism at Its Own Game

Blair Margaret M. ()
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Blair Margaret M.: Law School, Vanderbilt University, 131 21st Ave. South, Nashville, TN37240-1181, USA

Accounting, Economics, and Law: A Convivium, 2020, vol. 10, issue 3, 12

Abstract: The last book by legal scholar Lynn Stout proposes a bold plan to transform corporate governance and enhance their sustainability by creating a “Universal Fund” that would acquire a substantial share of many publicly traded corporations, but hold those shares passively. The plan would also help to redistribute wealth and income to reduce the effects of factors that are driving income inequality. This review examines how the plan might work, and where it is likely to run into problems.

Keywords: corporate governance; sustainability; institutional investors; reforming capitalism (search for similar items in EconPapers)
Date: 2020
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DOI: 10.1515/ael-2019-0040

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