Majority of the Minority Approval of Related Party Transactions: the Analysis of Institutional Shareholder Voting

2021 ◽  
Vol 18 (5) ◽  
pp. 820-862
Author(s):  
Alperen Afşin Gözlügöl
Keyword(s):  
Empirical Evidence ◽  
Legal Framework ◽  
Policy Recommendations ◽  
Shareholder Voting ◽  
Related Party Transactions ◽  
The Us ◽  
The World ◽  
Proxy Advisors ◽  
Institutional Shareholders

Majority of the minority (MOM) approval of related party transactions (RPTs) has become a popular mechanism to be used in the oversight of RPTs among academics, stakeholders and regulators. Using this mechanism means that for companies, entering into RPTs are subject to the approval of a certain majority of the disinterested shareholders. This article examines the effectiveness of MOM approval as a mechanism to oversee RPTs, i. e. whether it would prevent value-decreasing RPTs while allowing value-increasing ones, by analysing institutional shareholder voting in this context within the US and European legal framework. Specifically, it examines whether institutional shareholders who dominate the shareholding across the world have sufficient incentives to cast informed votes in MOM votes on RPTs and the role of proxy advisors in this regard. Taking account of the relevant theoretical claims and empirical evidence, it provides further policy recommendations to improve the efficacy of MOM approval.

AN EMPIRICAL STUDY OF INDIAN INSURANCE INDUSTRY POST GLOBAL FINANCIAL CRISIS

2015 ◽  
Vol 6 (01-02) ◽  
Author(s):  
Anis Ur Rehman ◽  
Yasir Arafat Elahi ◽  
Sushma .
Keyword(s):  
Financial Crisis ◽  
Global Financial Crisis ◽  
Insurance Industry ◽  
Primary Data ◽  
Policy Recommendations ◽  
Insurance Sector ◽  
The World ◽  
The Impact ◽  
The New Deal

India has recently emerged as a major political and economic power in the world. The financial crisis that engulfed the world in 2008 needed developing countries like India to lead the rescue and recovery, instead of G7 westerns countries who dealt with such crisis in the past. Recently, discussions and negotiations are going amongst G20 countries regarding a new global financial architecture (G-20 Summit, 2008). The outcome will affect the relevant industries in India and hence it is a public interest issue for the actuarial profession in the country. Increased and more intrusive and costly regulations and red tapes are likely to be a part of the new deal (Economic Survey 2009-10). The objective of this paper is to study the perception of higher level authorities in Insurance sector regarding the role of regulator in minimizing the impact of global financial crisis. The primary data has been collected from 200 authorities in insurance industry. The data has been analyzed with statistical tools like MS-Excel. On the basis of the findings, various measures and policy recommendations for insurers have been suggested to minimize the impact of crisis.

scholarly journals Ukraine in the Focus of US Foreign Policy Priorities

2020 ◽  
pp. 66-79
Author(s):  
N. Gegelashvili ◽  
◽  
I. Modnikova ◽  
Keyword(s):  
United States ◽  
Soviet Union ◽  
The United States ◽  
Donald Trump ◽  
The Soviet Union ◽  
The Us ◽  
The World ◽  
The Russian Federation ◽  
Radical Transformation

The article analyzes the US policy towards Ukraine dating back from the time before the reunification of Crimea with Russia and up to Donald Trump coming to power. The spectrum of Washington’s interests towards this country being of particular strategic interest to the United States are disclosed. It should be noted that since the disintegration of the Soviet Union Washington’s interest in this country on the whole has not been very much different from its stand on all post-Soviet states whose significance was defined by the U,S depending on their location on the world map as well as on the value of their natural resources. However, after the reunification of Crimea with Russia Washington’s stand on this country underwent significant changes, causing a radical transformation of the U,S attitude in their Ukrainian policy. During the presidency of Barack Obama the American policy towards Ukraine was carried out rather sluggishly being basically declarative in its nature. When President D. Trump took his office Washington’s policy towards Ukraine became increasingly more offensive and was characterized by a rather proactive stance not only because Ukraine became the principal arena of confrontation between the United States and the Russian Federation, but also because it became a part of the US domestic political context. Therefore, an outcome of the “battle” for Ukraine is currently very important for the United States in order to prove to the world its role of the main helmsman in the context of a diminishing US capability of maintaining their global superiority.

scholarly journals FEATURES OF GLOBAL INVESTMENT POLICY: MODERN TRENDS AND PROSPECTS

2019 ◽  
pp. 142-148
Author(s):  
Larisa Germanovna Chuvakhina
Keyword(s):  
Foreign Direct Investment ◽  
Foreign Investment ◽  
Direct Investment ◽  
World Economy ◽  
International Investment ◽  
Investment Policy ◽  
Investment Promotion ◽  
The Us ◽  
The World

The article highlights the current problems of investments in the development of the world economy, when international investment needs are significantly high. The priority is given to the issues of investment resources for achieving the goals of sustainable development of the world economy. It has been stated that for creating the effective economic policy, the countries need to attract foreign investment. The current trends in the development of global market for foreign direct investment flows are examined. The flows of global foreign direct investment in 2017-2018 are analyzed. Special attention is given to the study of the US investment policy. The reduction in US investments into the Russian economy in terms of the sanctions policy against Russia is marked. The changes in the investment policy of the administration of D. Trump in terms of strengthening American protectionism are underlined. The issues of US-EU investment cooperation are considered. The role of the US Federal Reserve in regulating the activities of foreign companies in the US market is defined. The main decisions taken at the X World Investment Forum of the United Nations Conference on Trade and Development in October, 2018 are considered. The role of investment promotion agencies is defined as one of the tools to attract foreign investments into the country's economy. The decrease in the level of international investment and increased competition between countries for attracting foreign investment is stated. The study confirms that the investment attractiveness of the country, stability of the national financial system, and legal security of business play a decisive role in attracting foreign direct investment.

scholarly journals The Pandemic and the Crisis in the System of International Relations

2020 ◽  
Vol 13 (5) ◽  
pp. 6-19
Author(s):  
Al. A. Gromyko
Keyword(s):  
International Relations ◽  
International Institutions ◽  
Competitive Advantages ◽  
Direct Impact ◽  
The Us ◽  
The World ◽  
World Economic ◽  
Strategic Autonomy ◽  
The Eu

The research is focused on several key problems in the system of international relations influenced by the COVID-19 pandemic. It is shown that the events caused by it and broadly identified as a coronacrisis have a direct impact on the world economic contradictions (pandenomica) and political ones, including the sphere of security. These particular aspects are chosen as the main objects of the research. The author contends that the factor of the pandemic has sharpened the competition between regional and global players and has increased the role of a nation- state. In the conditions of transregional deglobalisation, regionalism and “protectionism 2.0” get stronger under the banners of “strategic vulnerability” and “economic sovereignty”. A further weakening of multilateral international institutions continues. The EU endeavours to secure competitive advantages on the basis of relocalisation, industrial and digital policies and the Green Deal. The article highlights the deterioration in the relations among Russia, the US, the EU and China, the unfolding decoupling between Washington and its European allies, which stimulates the idea of the EU strategic autonomy. An urgent need for the deconfliction in Russia – NATO interaction is stated.

Climate Geoengineering and the Role of Public Deliberation: A Comment on the us National Academy of Sciences’ Recommendations on Public Participation

Climate Law ◽  
2015 ◽  
Vol 5 (2-4) ◽  
pp. 252-294 ◽  
Author(s):  
William C. G. Burns ◽  
Jane A. Flegal
Keyword(s):  
Public Participation ◽  
Public Deliberation ◽  
National Academy Of Sciences ◽  
World Community ◽  
Design Considerations ◽  
The Us ◽  
The World ◽  
Academy Of Sciences ◽  
Important Design

The feckless response of the world community to the mounting threat of climate change has led to a growing interest in climate geoengineering research. In early 2015, the us National Academy of Sciences released two major reports on the topic. While it is notable that both reports recommended some form of public participation to inform research, this article argues that the vagueness of these recommendations could mean that their implementation might not comport with optimal approaches for public deliberation. We outline some options for public deliberation on climate geoengineering and important design considerations.

The World around Us

2021 ◽  
pp. 31-60
Author(s):  
M.I. Franklin
Keyword(s):  
United States ◽  
World War Ii ◽  
September 11 ◽  
John Cage ◽  
World War ◽  
The Us ◽  
The World ◽  
Singular Individual ◽  
The Cold War

Chapter 2 sets the compass through a work that seems to have little to say about sampling. 4’33” (four thirty-three) by John Cage is based on no (performed) sounds, no flashy pyrotechnics in its execution, nor reverence for the notion of music as a singular, individual creative act, or performance. The chapter considers Cage’s evocation of “silence” as the sampled material that is at stake in this iconic piece. I consider how silence, and silencing work in the context of censorship and social control given that the timeframe for the inception of 4’33” resonates with post-World War II, mid-twentieth-century United States during the Cold War. Engaging with this work can also tell us something about the role of censorship in public arts life half a century later, in the US shortly after the Al Qaeda attacks on September 11, 2001. As I argue, when regarded as a material of music, and thereby as a source from which to “sample” silence, 4’33”offers both a sonic and “sound-less” baseline for the four case studies to follow. “Silence” as rendered in Cage’s work, its wider connotations and evocation of the sensation of sound-filled stillness also serve as a signal for instances of domination, of how oppression can take place quietly, without fanfare. Considering silence as a geocultural, socio-musicological matter allows us a moment to retune our ears and minds by encountering the broader (in)audible domains through, and from which sampling practices take place.

scholarly journals The Role of Social Networking on Adaptability and Competitive Advantage: An Empirical Evidence from Small and Medium-sized Enterprises in Restaurant Industry, Surabaya, Indonesia

2020 ◽  
Vol 76 ◽  
pp. 01008
Author(s):  
Endo Wijaya Kartika ◽  
Thomas Stefanus Kaihatu
Keyword(s):  
Social Networking ◽  
Competitive Advantage ◽  
Empirical Evidence ◽  
Structural Equation ◽  
Restaurant Industry ◽  
Company Performance ◽  
The World ◽  
Research Questions ◽  
Restaurant Owners

Business competition that occurs in every industry in the world these days is totally inevitable, especially in Indonesia as one of the new emergent market in the world. Every companies are expected to be able to cope and compete well to achieve the best result for the shake of the companies’ future. However, Small and Medium-sized Enterprises (SME) often encounter so many problems during their competition which could impacted on the decreasing company performance and to some extend the worse result which is bankruptcy. This research is conducted to investigate on the existence of gap that occur due to the lack of empirical evidence that focus on social networking, adaptability and competitive advantage on SMEs in Indonesia. Thus, this research focuses on the leader’s social networking and organizational adaptability to support the creation of competitive advantage. This is an associative causal research using 30 restaurant owners in Surabaya city as the respondent which has a maximum number of employees of 20 peoples. Structural Equation Modelling (SEM) is used to answer the research questions. It is found out that social networking affects significantly on adaptability, while adaptability affects on competitive advantage insignificantly.

Turnout

2019 ◽  
pp. 309-332
Author(s):  
Serguei Kaniovski
Keyword(s):  
Political Theory ◽  
Empirical Evidence ◽  
Voter Turnout ◽  
Local Elections ◽  
Electoral Participation ◽  
Historical Trends ◽  
National Elections ◽  
The Past ◽  
The World

Within the past seventy years, citizens have cast some twenty-seven billion votes in national elections across the world. This impressive figure would likely double if votes cast in local elections and referenda were included. Electoral participation is a mass phenomenon. However, what exactly motivates people to vote? The question of why people vote has been at the center of positivist political theory. Political scientists and economists have devised numerous theories for why people may or may not vote, in addition to gathering an impressive amount of empirical evidence on the determinants of electoral participation. This chapter offers a bird’s-eye view of historical trends in voter turnout, theories of rational voting motivation, and the role of embedding political or socioeconomic environments, as exposed by empirical research.

scholarly journals The Question of Palestine and the Muslim World

2019 ◽  
Vol 8 (2) ◽  
Author(s):  
Abdullah Al-Ahsan
Keyword(s):  
World War Ii ◽  
Local Population ◽  
Legal Framework ◽  
The State ◽  
Fundamental Rights ◽  
Jewish State ◽  
The Us ◽  
The World ◽  
Zionist Movement ◽  
State Of Israel

The question of Palestine (and the city of Jerusalem) is a core issue that remains at the centre of the Muslim mind in our time. This is because most Muslims feel that the Zionist Movement created the State of Israel in Palestine after World War II by depriving the local population of their fundamental right to exist in their ancestral homeland. The global Zionist Movement conspired, resorted to terrorist tactics and executed an ethnic cleansing campaign to create the State of Israel. The Zionists first secured the support of British politicians and then the American leaders in favour of their search for an exclusive Jewish state covering the entirety of the former British Mandate of Palestine. Although the Palestinians – like Muslims in various parts of the world – quickly developed a national consciousness in the inter-war period and tried to protect their fundamental rights, they were no match for the Zionists who had already secured the support of major powers of the globe (e.g. Britain and the US). Later, Israel managed to obtain UN membership in its third attempt with the commitment to allow all Palestinians to return to their ancestral home. But in practice, Israel has ignored all UN resolutions regarding the Israeli-Palestinian conflict. Israel has gradually developed a legal framework to deny the citizenship rights of the original population of Palestine and continues to build new Jewish settlements by demolishing Palestinian homes. While the Palestinians continue to suffer under Israeli repression, the OIC (Organization of Islamic Cooperation) and most Muslim governments have largely abandoned the Palestinian cause of liberation. This, in turn, frustrates much of the Muslim youth around the world – fuelling fundamentalism and extremism.  

scholarly journals PERAN WTO DALAM MEMBANGUN PENEGAKAN HUKUM INTERNASIONAL TERHADAP PROTEKSIONISME (STUDI KASUS: SENGKETA DAGANG ROKOK KRETEK INDONESIA)

2020 ◽  
Vol 2 (1) ◽  
Author(s):  
Farahdiba Rahma Bachtiar
Keyword(s):  
International Law ◽  
Dispute Settlement ◽  
The United States ◽  
Mutual Understanding ◽  
Trade Policies ◽  
Trade Dispute ◽  
Domestic Trade ◽  
The Us ◽  
The World

Indonesia’s objection to the United States (US) over a clove ban in 2010 was one of the most difficult trade dispute cases that Indonesia has ever submitted. The dispute between both countries in the clove cigarettes negotiations was actually completed in 2014 after the two countries agreed on mutual understanding (MoU) related to cigarettes. Indonesia's victory over the Dispute Settlement Body (DSB) by the World Trade Organization (WTO) shows the enforcement of international law in intervening in a country's domestic policies.Although it took great deal of time, Indonesia's victory over US becomes a lesson learned. This victory proves the role of the WTO in resolving trade dispute cases and refutes the notion of a superpower in particular the US being immune to the international law. US domestic trade policies that impose a ban on clove cigarettes have deviated from WTO rules and have harmed Indonesia as a producer

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