The Internet Will Drive Corporate Monitoring (Regie D'Entreprise Et "Cyber-Democratie": Un Couple Revolutionnaire')
Posted: 18 Oct 2000
Using the internet for shareowner proxy voting will not just save money. It will awaken the sleeping giant of corporate governance ? individual investors. It will give shareowners unprecedented influence over the policies of large corporations, by making corporate monitoring possible. Rational voter apathy will be counteracted by the internet's ability to make information exchange cheap and easy. Likely benefits include higher profits, support for social goals, and more realistic levels of CEO pay. Compared to other countries, America has more stock held by individuals who use the internet, so America will lead this trend.
Note: The downloadable paper is available in French only.
JEL Classification: G34
Suggested Citation: Suggested Citation