Aniel Mahabier considers the ramifications of the extensive disclosure obligations required as part of the second iteration of the Shareholder Rights Directive and argues that knowledge is key to ensuring accountability.Send to a friend
‘Yet, when we look beyond these snappy headlines, we find not only has the concept of shareholder activism been hi-jacked by a small cadre of extremely wealthy private equity investors with large shareholdings to leverage but, more worryingly, the idea of increased board accountability is often just a polite synonym to describe rampant often wild shorttermism in investment decision making.’Send to a friend
‘The purpose of a good Chair isn’t to lead thinking for the board, but rather to be an independent facilitator. Someone capable of encouraging people to think around topics and seek knowledge and data to make good decisions, instead of relying on existing beliefs.’
For over 20 years now a debate has been going on about what good corporate governance is.
Dr Florian Schilling argues that depending on whether it is seen as a science, a craft or an art, very different conclusions can be drawn.