How do active managers engage with portfolio firms? And, what role does monitoring and engagement play in their trading decisions? We use proprietary...
In 2010, the United Kingdom issued the world’s first stewardship code. Since then, stewardship codes have been issued in many of the world’s leading...
We examine recent confrontational shareholder activism campaigns by hedge funds and by other private investors. The three main parallels between the...
The corporate governance role of institutional investors has long been stressed and culminated in recent emphasis on shareholder stewardship, the new...
This Article offers a theory of mutual fund voting to answer when mutual funds should vote on behalf of their investors and when they should not. It argues...