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Shareholder primacy and the trajectory of UK corporate governance

Abstract:

Core institutions of UK corporate governance, in particular those relating to takeovers, board structure and directors’ duties, are strongly orientated towards a norm of shareholder primacy. Beyond the core, in particular at the inter‐section of insolvency and employment law, stakeholder interests are better represented, thanks largely to European Community influence. Moreover, institutional shareholders are redirecting their investment strategies away from a focus on short‐term returns, in s...

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Publication status:
Published
Peer review status:
Peer reviewed

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Publisher copy:
10.1111/1467-8543.00286

Authors


More by this author
Institution:
University of Oxford
Oxford college:
Oriel College
Role:
Author
Publisher:
Wiley
Journal:
British Journal of Industrial Relations More from this journal
Volume:
41
Pages:
531-555
Publication date:
2003-08-19
DOI:
EISSN:
1467-8543
ISSN:
0007-1080
Keywords:
Pubs id:
pubs:601108
UUID:
uuid:f589249e-5f56-461c-8047-d09565358cbb
Local pid:
pubs:601108
Source identifiers:
601108
Deposit date:
2017-01-18

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