Country Reviews of Provisions and Practices Covering Related Party Transactions and Protection of Minority Shareholder Rights

This research investigates recent international reforms of minority shareholder rights (MSRs), and the relationship between those reforms and national legal systems. No previous studies have investigated such changes and their underlying causes; nor have they viewed the phenomena concerned through a dynamic lens. The study uses secondary data from 142 countries over a five-year period (2006-2010). Using growth curve modelling and the panel data method, the study finds that legal systems and law enforcement affect reforms positively. On average, countries’ MSRs are improving, but this is not consistent across nations. The findings contribute to the current debate on the relationship of law to minority shareholder protection and will assist policy-makers in the area of investor protection reforms. Future research directions are suggested at the end of the paper.

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Related Party Transactions mit kontrollierenden Aktionären

10.5771/9783748912866 ◽

2021 ◽

Author(s):

Andreas Roth

Keyword(s):

German Law ◽

Shareholder Rights ◽

Legal Analysis ◽

Related Party Transactions ◽

National Implementation

With the adoption of the new Shareholder Rights Directive, the European legislator has, after an intensive debate, enacted harmonized rules for the regulation of Related Party Transactions, which have been incorporated into German law with the implementation of the ARUG II. This thesis takes a critical look at the new regulatory concept by first elaborating the over-positive aspects of the regulation of Related Party Transactions and then evaluating the European rules and their national implementation against the background of a comparative legal analysis of previous institutions under German and British law.

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THE MINORITY SHAREHOLDER RIGHTS IN THE JOİNT STOCK COMPANIES ACCORDING TO TURKISH COMMERCIAL CODE

Proceedings of the 23rd International Academic Conference, Venice ◽

10.20472/iac.2016.023.100 ◽

2016 ◽

Author(s):

Oğuz Yolal

Keyword(s):

Minority Shareholder ◽

Shareholder Rights ◽

Commercial Code ◽

Turkish Commercial Code

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The Mythical Value of Voice and Stewardship in the EU Directive on Long-term Shareholder Engagement: Rights Do Not an Engaged Shareholder Make

Cambridge yearbook of European legal studies ◽

10.1017/cel.2018.8 ◽

2018 ◽

Vol 20 ◽

pp. 88-115 ◽

Cited By ~ 1

Author(s):

Deirdre AHERN

Keyword(s):

Corporate Governance ◽

Shareholder Rights ◽

Executive Pay ◽

Related Party Transactions ◽

Shareholder Engagement ◽

Eu Directive ◽

Self Interest ◽

Regulatory Impact ◽

The Eu

AbstractThrough the lens of assessing the likely regulatory impact of the 2017 EU Directive on Long-term Shareholder Engagement and its amendments to the 2007 Directive on Shareholder Rights, this article considers the mythical voice and stewardship role attributed by the EU to shareholders as active corporate governance gatekeepers and drivers of its long-term sustainability agenda. It identifies limitations of the Directive itself and practical challenges concerning the provisions on shareholder identification, executive pay, related party transactions, proxy advisors and shareholder engagement policies. It is argued that there is a considerable normative gap between the EU narrative of engagement and the challenge of engaging shareholders away from self-interest and rational apathy to fulfil a stewardship role.

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