Dealing with Non-Controlling Shareholders : Issues and Best Practice

There is ample evidence today that demanding best practice standards of good corporate governance and convincing enforcement processes lead to higher market valuations of enterprises in free capital markets. This paper contains the following headings: key prerequisites for success with non-controlling shareholders; institutional investors have a fiduciary duty to act convincingly in the interest of their clients; and a good governance framework is essential but only sufficient quality convinces institutions to be long-term shareholders.

Bibliographic Details

Main Author:	World Bank
Language:	English
Published:	World Bank, Washington, DC 2006-01
Subjects:	ACCOUNTABILITY, ACQUISITIONS, ASSET MANAGEMENT, AUDITOR INDEPENDENCE, AUTHORITY, BOARD MEMBERS, CAPITAL MARKETS, CEO, CO-OPERATIVES, COMPANY, CONFLICTS OF INTEREST, CONTROLLING SHAREHOLDERS, CORPORATE FINANCE, CORPORATE GOVERNANCE, CORPORATE GOVERNANCE CODE, CORPORATE GOVERNANCE PRINCIPLES, CORPORATE GOVERNANCE STANDARDS, CORPORATE OWNERSHIP, CORPORATE SCANDALS, CORPORATION, CORRUPTION, DECISION MAKING, DISCLOSURE, ECONOMIC PERFORMANCE, EQUITY CAPITAL, FAMILY OWNED BUSINESSES, FIDUCIARY DUTY, FINANCIAL CRISES, FINANCIAL INFORMATION, FINANCIAL MANAGEMENT, FINANCIAL STATEMENTS, FIRMS, GLOBAL CORPORATE GOVERNANCE, GOOD CORPORATE GOVERNANCE, GOOD GOVERNANCE, GOVERNANCE FAILURES, GOVERNANCE GUIDELINES, GOVERNANCE ISSUES, GOVERNANCE PRINCIPLES, GOVERNANCE QUALITY, IMPROVING GOVERNANCE, INDEPENDENT DIRECTORS, INDIVIDUAL COMPANIES, INEQUALITY, INSTITUTIONAL FRAMEWORK, INSTITUTIONAL INVESTORS, INSTITUTIONAL SHAREHOLDERS, INVESTOR PROTECTION, LIMITED, LISTED COMPANIES, MANAGERS, MERGER, MERGER TRANSACTIONS, MINISTRY OF FINANCE, MINORITY SHAREHOLDERS, MOTIONS, POISON PILLS, POVERTY ALLEVIATION, PRIVATISATION, PROXY, PUBLIC COMPANY, PUBLIC SECTOR, REGULATORY FRAMEWORK, RISK MANAGEMENT, RISK MANAGEMENT SYSTEMS, SHARE CAPITAL, SHAREHOLDER, SHAREHOLDER ACTIVISM, SHAREHOLDER AGREEMENTS, SHAREHOLDER RIGHTS, SHAREHOLDERS, SINGLE SHAREHOLDER, STOCK EXCHANGE, STOCK EXCHANGES, STOCK OPTIONS, SUBSIDIARY, TAKEOVER, TRAINING PROGRAMMES, TRANSITION ECONOMIES, TRANSPARENCY, VOTING,
Online Access:	http://documents.worldbank.org/curated/en/2006/01/6988048/dealing-non-controlling-shareholders-issues-best-practice https://hdl.handle.net/10986/11198
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