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Activist Shareholders in Corporate Governance: The Australian Experience and its Comparative Implications

Activist Shareholders in Corporate Governance: The Australian Experience and its Comparative Implications

Author: Tim Bowley
Publisher: Hart Publishing
ISBN: 9781509952229

Published In: January 2023
Format: Hardback
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only
Paperback Edition ISBN: 9781509952267

List Price: HKD 1,170.00

HKD 1,134.90 Save HKD 35.10 (3%)

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Description
Contents

Details

This book explores the regulatory challenges of public company shareholder activism.

Around the world, policy makers, practitioners and academics debate how best to regulate shareholder activism. Using Australia as a case study, the book examines key issues raised by this debate. With a market structure and legal settings that are conducive to activism, Australia makes an ideal case study and provides a fresh comparative perspective on the regulatory debate about shareholder activism, which tends to be dominated by US-focused analysis and commentary.

The book presents empirical evidence which reveals that Australian activism is a significant and multifaceted phenomenon, undertaken by different types of activists pursuing varying strategies and supported by a range of complementary market developments. The book uses this evidence to develop comparative insights and explore internationally topical issues, including:

activists' willingness to use interventionist governance rights;
the role of intermediaries such as proxy advisers in facilitating activism;
institutional investor stewardship; and
the risks of collective shareholder activism.

This book provides an important comparative perspective on the topic of shareholder activism. It is an essential resource for policy makers, practitioners and academics interested in the regulatory implications of shareholder activism.

List of Abbreviations

Table of Cases

Table of Legislation

Introduction

The Shareholder Activism Debate

The Setting for Australian Activism

The Evidence of Australian Shareholder Activism (I)

The Evidence of Australian Shareholder Activism (II)

The Nuances and Significance of Australian Shareholder Activism

Revisiting the Regulatory Debate (I): Shareholder Resolutions Law Reform

Revisiting the Regulatory Debate (II): Regulating Collective Shareholder Activism

Conclusion