Download or read book Shareholder Voice in Corporate Charter Amendments written by Geeyoung Min and published by . This book was released on 2019 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: State corporate laws require shareholder approval for corporate charter amendments, but only the board of directors has the power to propose how to amend charters. The directors' exclusive power over charter amendment proposals creates a potential for managerial opportunism by refusing to propose amendments that empower shareholders or by pursuing amendments that favor managers. While shareholder approval can theoretically serve as a check against such opportunism, dispersed shareholders' rational apathy and collective action problems, can also prevent them from being effective monitors. Prior scholarship has thus viewed charter amendments with suspicion, but there has been no systematic, empirical examination to confirm or refute the possibilities of managerial opportunism. Based on hand-collected data on charter amendments of the top 250 U.S. companies over the past twenty-one years, this Article demonstrates that the recent trend of shareholder engagement has enabled them not only to check management-initiated amendments, but also to pressure directors into proposing shareholder-initiated amendments. Concerns over managerial opportunism, however, remain valid, as the data reveal subtle ways in which directors have preempted shareholders' voice with compromised terms. This Article updates our theoretical understanding of corporate charter amendments by reflecting the new dynamic with shareholder engagement, as well as normatively claims that state and federal authorities should secure even-handed procedures so as to give both shareholders and managers a meaningful voice in the charter amendment process.
Download or read book Corporate Charter Amendments written by Arno C. Becht and published by . This book was released on 1950 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Corporate Charter Amendments Affecting the Interests of Stockholders in the Property of the Corporation written by Arno Cumming Becht and published by . This book was released on 1950 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Amended Charter of Incorporation and By laws written by Hawaiian Sugar Company and published by . This book was released on 1901 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Amended Corporate Charter Ratified October 22 1955 written by Hualapai Tribe of the Hualapai Reservation, Arizona and published by . This book was released on 1957 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Antitakeover Corporate Charter Amendments and the Market for Corporate Control written by Stephen Lawrence Buffo and published by . This book was released on 1986 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Amended Corporate Charter of the San Carlos Apache Tribe Arizona written by and published by LLMC. This book was released on with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Corporate Charters O Y written by United States. Office of Indian Affairs and published by . This book was released on 1936 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Limiting Contractual Freedom in Corporate Law written by Lucian A. Bebchuk and published by . This book was released on 2009 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper takes issue with the increasingly influential view that companies should be completely free to opt out of corporate law rules by adopting appropriate charter provisions. I argue that the contractual view of the corporation, on which supporters of free opting out rely, offers substantial reasons for placing limits on opting out. The analysis focuses on opting out done by charter amendment, after a company has been formed, and highlight the differences between opting out by charter amendment and opting out in the initial charter. Analyzing the informational and collective action problems involved in the charter amendment process, I conclude that the case for placing limits on opt-out amendments is so compelling that even strong believers in free markets should recognize the need for such limits. I also provide criteria for determining the issues with respect to which, and the circumstances under which, opting out by charter amendment should be prohibited or restricted.
Download or read book General Corporation Law written by Nevada and published by . This book was released on 1905 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Information Guide for written by Maryland. State Department of Assessments and Taxation. Corporate Charter Division and published by . This book was released on 1985 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Corporate Charter and Amendments Thereto of the City of East Point written by Jefferson Civic Club, Inc. (East Point, GA) and published by . This book was released on 1942 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Corporate antitakeover charter amendments effects and effectiveness written by Richard Thomas Fleener and published by . This book was released on 1987 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Compilation of Corporate Charter By laws and of Laws Executive Orders and Regulations Applicable to Commodity Credit Corporation written by Commodity Credit Corporation and published by . This book was released on 1948 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Drafting of Corporate Charters and By laws April 1951 written by Kurt Friedrich Pantzer and published by . This book was released on 1951 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Amended Corporate Charter of the San Carlos Apache Tribe of Arizona Ratified March 7 1955 written by United States Indian Affairs Bureau and published by . This book was released on 1957 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Amended Corporate Charter of the San Carlos Apache Tribe Arizona Ratified March 7 1955 written by San Carlos Apache Tribe and published by . This book was released on 1957 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:
