Tag Archives: Ali Akyol

How Does the Market React When Shareholders Lose Power?

By | July 9, 2019

Courtesy of Ali Akyol Rule 14a-8 of the Securities Exchange Act of 1934 allows shareholders to submit non-binding proposals demanding a vote on certain corporate matters at annual meetings. In theory, improving shareholder rights reduces agency costs associated with the separation of ownership and control. Shareholder proposals, thus, could reduce agency costs by increasing the… Read More »