When the Government is the Controlling Shareholder - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook When the Government is the Controlling Shareholder write by Marcel Kahan. This book was released on 2011. When the Government is the Controlling Shareholder available in PDF, EPUB and Kindle. As a result of the 2008 bailouts, the United States Government is now the controlling shareholder in AIG, Citigroup, GM, GMAC, Fannie Mae and Freddie Mac. Corporate law provides a complex and comprehensive set of standards of conduct to protect non-controlling shareholders from controlling shareholders who have goals other than maximizing firm value. In this article, we analyze the extent to which these existing corporate law structures of accountability apply when the government is the controlling shareholder, and the extent to which federal “public law” structures substitute for displaced state “private law” norms. We show that the Delaware restrictions on controlling shareholders are largely displaced, but hardly replaced, by federal provisions. Having concluded that the existing accountability structures do not provide sufficient protection of minority shareholder interests, we examine the variety of ways (in the U.S. and elsewhere) in which government ownership has been structured in order to minimize political interference at the expense of non-controlling shareholders, including nonvoting stock, independent directors, dedicated trusts, and separate management companies. Because neither ex ante legal structures nor ex post judicial review hold much promise for controlling political interference, we are left with a choice between developing new structures of accountability and bringing this anomalous era of government control to a speedy conclusion.
The Government as Dominant Shareholder
The Government as Dominant Shareholder - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Government as Dominant Shareholder write by United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Domestic Policy. This book was released on 2011. The Government as Dominant Shareholder available in PDF, EPUB and Kindle.
Bringing Controlling Shareholders to Court
Bringing Controlling Shareholders to Court - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Bringing Controlling Shareholders to Court write by Chunyan Fan. This book was released on 2013. Bringing Controlling Shareholders to Court available in PDF, EPUB and Kindle. Controlling shareholders have largely unbalanced power in the governance structure of corporations, which leaves the minority shareholders vulnerable to being exploited. One way to deal with the problem is to allow minority shareholders to sue a controlling shareholder when they think they have been treated unfairly by the said controlling shareholder, and the challenged conduct will be reviewed by court under certain standard pre-set by law. Legal practitioners and economists consider this kind of solution a standard-based strategy. This doctoral thesis discusses how to use these standard-based strategies most efficiently when dealing with conflicts between controlling and minority shareholders. The book identifies three sub-issues that need to be addressed properly by law makers for a standard-based strategy to function in an efficient way: (1) What is the substantive standard of controlling shareholder conduct?; (2) How should the standard be enforced by court?; and (3) How to choose between standard-based strategies and other regulatory strategies? The book examines these three questions through studies of three individual jurisdictions: the US, the UK, and China. Thesis.
The U.S. Government as Control Shareholder of the Financial and Automotive Sector
The U.S. Government as Control Shareholder of the Financial and Automotive Sector - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The U.S. Government as Control Shareholder of the Financial and Automotive Sector write by J. W. Verret. This book was released on 2009. The U.S. Government as Control Shareholder of the Financial and Automotive Sector available in PDF, EPUB and Kindle.
Broadening the Ownership of State-Owned Enterprises A Comparison of Governance Practices
Broadening the Ownership of State-Owned Enterprises A Comparison of Governance Practices - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Broadening the Ownership of State-Owned Enterprises A Comparison of Governance Practices write by OECD. This book was released on 2016-02-04. Broadening the Ownership of State-Owned Enterprises A Comparison of Governance Practices available in PDF, EPUB and Kindle. The State continues to remain an important shareholder in listed companies worldwide. This book provides fresh perspectives on the motivation to list state-owned enterprises (SOEs) and the process it entails.
