| Business and Society: Corporate Strategy, Public Policy, Ethics, 10/e James Post,
Boston University Anne T Lawrence,
San Jose State University James Weber,
Duquesne University
Stockholders and Corporate Governance
Chapter ObjectivesStockholders occupy a position of central importance in the corporation because they are the company's legal owners and they expect high levels of economic performance. But the corporation is not always run solely for their benefit, so they contend with management and the board of directors for control of company policies. Recent changes in corporate governance have strengthened the influence of stockholders and increased the attention given to this stakeholder group by managers and boards of directors. This chapter focuses on these key questions and objectives:
1Who are stockholders, and what are their goals and legal rights? |
| | | 2Who controls the corporation, and how has the power of stockholders, relative to that of boards of directors and managers, shifted in recent years? |
| | | 3What have social activist investors done to change corporate policies? |
| | | 4What are the pros and cons of employee ownership of corporations? |
| | | 5Are top corporate executives paid too much? |
| | | 6How are stockholders affected by insider trading, and how does the government protect against stock market abuses? |
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