Abstract
Institutional investors are increasingly becoming active owners through voting their shares and engaging in dialogue with investee companies in order to improve corporate environmental, social and corporate governance performance. This chapter 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.
This chapter is a republished article that first appeared in Journal of Business Ethics in 2010.
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Gifford, J. (2012). Effective Shareholder Engagement: The Factors that Contribute to Shareholder Salience. In: Hebb, T. (eds) The Next Generation of Responsible Investing. Advances in Business Ethics Research, vol 1. Springer, Dordrecht. https://doi.org/10.1007/978-94-007-2348-1_6
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DOI: https://doi.org/10.1007/978-94-007-2348-1_6
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