Securities Lending, Empty Voting and Corporate Governance

30 Pages Posted: 29 May 2014

See all articles by Paul Ali

Paul Ali

University of Melbourne - Law School

Ian Ramsay

Melbourne Law School - University of Melbourne

Benjamin Saunders

Deakin University, Geelong, Australia - Deakin Law School

Date Written: May 13, 2014

Abstract

This paper examines the corporate governance implications of securities loans, in particular the impact of securities loans on shareholders’ voting rights and the control of listed Australian companies. The paper considers whether the current regulatory framework for securities loans in Australia adequately addresses the concerns associated with securities loans and whether reform is required in order to protect the interests of shareholders in listed Australian companies and to ensure that the governance of these companies is not undermined by securities loans.

Suggested Citation

Ali, Paul and Ramsay, Ian and Saunders, Benjamin, Securities Lending, Empty Voting and Corporate Governance (May 13, 2014). CIFR Paper No. 023/2014. Available at SSRN: https://ssrn.com/abstract=2443217 or http://dx.doi.org/10.2139/ssrn.2443217

Paul Ali (Contact Author)

University of Melbourne - Law School ( email )

University Square
185 Pelham Street, Carlton
Victoria, Victoria 3010
Australia
+61 3 8344 1088 (Phone)
+61 3 8344 5285 (Fax)

HOME PAGE: http://www.law.unimelb.edu.au

Ian Ramsay

Melbourne Law School - University of Melbourne ( email )

University Square
185 Pelham Street, Carlton
Victoria, Victoria 3010
Australia
+61 3 8344 5332 (Phone)

HOME PAGE: http://law.unimelb.edu.au/about/staff/ian-ramsay

Benjamin Saunders

Deakin University, Geelong, Australia - Deakin Law School ( email )

221 Burwood Highway
Burwood
Burwood, Victoria 3125, Victoria 3125
Australia

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