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Shareholders activism and shareholders power to instruct

Mohd. Sulaiman, Aiman @ Nariman (2016) Shareholders activism and shareholders power to instruct. In: 5th International Conference on Law and Society (ICLAS V) 2016, 18th-19th April 2016, Pattani, Thailand. (Unpublished)

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Abstract

Objective: An important measure of shareholder primacy and activism is the power to initiate and approve proposals. However, in many countries which have transplanted or inherited the Anglo-Saxon governance model represented by the UK, shareholders intending to present their proposals to the general meeting often face a significant legal barrier due to the division of power doctrine. The article examines recent decisions within the Commonwealth where attempts have been made to reconfigure the division of power doctrine which functions to confer to the board the power to decide on management matters. Method: The article examines the position in several Commonwealth countries regarding director primacy. Result: : This article provides guidance to directors and investors in navigating the limits of the legal framework regarding the power to instruct and offers insights to policy makers interested in enhancing shareholders empowerment.

Item Type: Conference or Workshop Item (Invited Papers)
Additional Information: 1872/50384
Uncontrolled Keywords: Shareholders activism, power, instruct
Subjects: K Law > K Law (General)
Kulliyyahs/Centres/Divisions/Institutes: Ahmad Ibrahim Kulliyyah of Laws > Department of Civil Law
Depositing User: Prof Aiman Nariman Mohd-Sulaiman
Date Deposited: 14 Jun 2016 11:32
Last Modified: 24 May 2018 14:52
URI: http://irep.iium.edu.my/id/eprint/50384

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