Chapter 1 Where were the shareholders?
Restricted access

This chapter describes the history of corporate governance reform over the past thirty years, noting that the reforms have focused primarily on the role of directors, auditors, legal advisers, financial intermediaries and regulators. Given that shareholders have a privileged legal position in a company, the chapter asks why shareholders have not been subject to the same degree of scrutiny. The chapter uses three case studies to illustrate the type of situation in which more could be asked of shareholders: injury to workers and consumers caused by a company's products; financial loss caused to bank customers and investors; and destruction of indigenous heritage. The chapter then summarises what would be expected of a hypothetical responsible shareholder.

You are not authenticated to view the full text of this chapter or article.

Access options

Get access to the full article by using one of the access options below.

Other access options

Redeem Token

Institutional Login

Log in with Open Athens, Shibboleth, or your institutional credentials

Login via Institutional Access

Personal login

Log in with your Elgar Online account

Login with you Elgar account