Corporate Governance and Shareholder Franchise

S.P. Chakravarty () and Lynn Hodgkinson

Journal of Management & Governance, 2001, vol. 5, issue 1, 83-97

Abstract: This paper addresses a question arising out ofcalls for greater shareholder participation toensure accountability of management in publiclimited companies. It is argued here that theparticipation by shareholders in corporateelections is more difficult than it isenvisaged by those who issue clarion calls forshareholders to exercise their voting power.The exercise of the right to vote as ashareholder can be formulated as a game betweenshareholders and management and also amongstgroups of shareholders. The chances of anyparticular group of shareholders being able toinfluence policy depends on how other groupsof shareholders vote. Thus the organisationaltask in the exercise of the right to franchiseis more complicated than it is realised byenthusiasts for shareholder participation. Copyright Kluwer Academic Publishers 2001

Keywords: ciroirate giverbabce; agebct; elections (search for similar items in EconPapers)
Date: 2001
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://hdl.handle.net/10.1023/A:1017937728954 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:jmgtgv:v:5:y:2001:i:1:p:83-97

Ordering information: This journal article can be ordered from
http://www.springer. ... 29/journal/10997/PS2

DOI: 10.1023/A:1017937728954

Access Statistics for this article

Journal of Management & Governance is currently edited by Lino Cinquini

More articles in Journal of Management & Governance from Springer, Accademia Italiana di Economia Aziendale (AIDEA) Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().