Journal of Business Ethics

, Volume 92, Supplement 1, pp 79–97 | Cite as

Effective Shareholder Engagement: The Factors that Contribute to Shareholder Salience

  • E. James M. GiffordEmail author


Institutional investors are increasingly becoming active owners through voting their shares and engaging in dialogue with investee companies to improve corporate environmental, social and corporate governance (ESG) performance. This article applies a model of stakeholder salience to the shareholder context, analysing the attributes of power, legitimacy and urgency, to determine the factors that are likely to enhance shareholder salience. It is found that a strong business case and the values of the managers of investee companies are likely to be the most important contributors to shareholder salience.


shareholder engagement stakeholder salience shareholder activism 



Annual general meeting


Chief executive officer


Environmental, social and corporate governance


Non-governmental organisation


Organisation for Economic Cooperation and Development


Principles for Responsible Investment


Socially responsible investment


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Copyright information

© Springer Science+Business Media B.V. 2010

Authors and Affiliations

  1. 1.Faculty of Economics and BusinessUniversity of SydneyNSWAustralia

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