Designing a regulatory response to climate change is one of the defining challenges of our era. In an attempt to address it, the Securities and Exchange...
Most U.S. public companies have a single class of voting common shares: voting power is proportional to economic ownership. Linking votes to shares is...
Effective monitoring by equity blockholders is important for good corporate governance. A prominent theoretical literature argues that the threat of...
In this contribution, we focus on the market for stewardship, as this has been developing in the UK. We observe that the 2020 UK Stewardship Code more...
In May 2021, Engine No. 1, an investment fund, was lauded by the responsible investment community for successfully placing three dissident independent...
We provide a new explanation to the limited stock market participation puzzle. In deciding whether to buy stocks, investors factor in the risk of being...