Passively managed funds have grown to become some of the largest shareholders in publicly traded companies, but there is considerable debate about the...
Majority of Minority (MOM) approval is a common mechanism used in many jurisdictions to control conflicts of interest in related party transactions....
Directors have traditionally been elected by a plurality of the votes cast. This means that in uncontested elections, a candidate who receives even a...
We study shareholder voting in a model in which trading affects the composition of the shareholder base. Trading and voting are complementary, which...
This paper develops a unified theory of blockholder governance and the voting premium. It explains how and why a voting premium emerges in the absence of...