Abstract
In the UK, both public and private sector funds are more engaged in pragmatic investor activism as compared to the US, as they do not face the same conflicts of interests. Unlike in the US, British pension fund trustees are legally independent, and are not an extension of the CFO’s office. Dialogues between shareholders and firms take place in the context of the ‘nuclear option’, the right of shareholders of calling an extraordinary general meeting within three weeks with 10 per cent of the votes.
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© 2006 Geoffrey Owen, Tom Kirchmaier and Jeremy Grant
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Owen, G., Kirchmaier, T., Grant, J. (2006). Alastair Ross Goobey on Institutional Shareholders and Corporate Governance — a UK Perspective. In: Corporate Governance in the US and Europe. Palgrave Macmillan, London. https://doi.org/10.1057/9780230512450_9
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DOI: https://doi.org/10.1057/9780230512450_9
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-54717-3
Online ISBN: 978-0-230-51245-0
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