Gerard Charreaux () and
Philippe Desbrières ()
Revue française de gestion, 2002, vol. 141, issue 5, 7-13
The notion of shareholder covers various factual realities which are unsufficiently taken into account by the classical legal and financial approach. The role of the traditional financial investor, cannot overshadow the other shareholder?s parts, played in the strategy as well as in management an in value bearer. In the same time it clearly appears that the categories of shareholders have been multiplied especially with the development of institutions. It entails the blossoming of multiple control systems and the reinforcement of the political frame.
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