pt. 1. A model for shareholder activism : an outline -- pt. 2. The framework of corporate governance in the UK and China -- pt. 3. Institutional investment in the UK and China -- pt. 4. Developing and applying the model for institutional investor activism in the UK and China -- pt. 5. Comparisons and (modest) prescriptions for reform
Summary
Institutional shareholder participation has long been considered as vital to good corporate governance yet its potential does not seem to have been realized. The recent banking crisis exposed the passivity of some institutional shareholders, many of whom appear to have chosen to sell their stakes in the banks rather than intervene or challenge the board when they realized the strategies followed by the banks were excessively risky. Institutional shareholders' role to scrutinize and monitor the decisions of boards and executive management in the banking sector in the UK is considered by many
