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What's Wrong with Shareholder Empowerment?Bernard S. SharfmanCase Western Reserve University School of Law March 8, 2012 Journal of Corporation Law, Vol. 37, No. 4, pp. 903-909, 2012 Abstract: In his keynote address at the Journal of Corporation Law spring banquet (March 8, 2012), Mr. Sharfman discusses the negative impact shareholder empowerment has on the efficiency of decision making at public companies. Shareholder empowerment is the shifting of decision making from the board of directors and executive management to shareholders.
Number of Pages in PDF File: 7 Keywords: corporate law, corporate governance, public company, authority, accountability, private ordering, liquidity traders, information traders, shareholder empowerment, board of directors, agency costs JEL Classification: K22 Accepted Paper SeriesDate posted: March 9, 2012 ; Last revised: July 20, 2012Suggested CitationContact Information
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