Overview

This book examines the role of institutional shareholders in corporate governance, which is the system by which companies are directed and controlled. This is a subject of great concern to ""public companies"", their management, their shareholders and their employees. The recent concern about the effectiveness of corporate governance in a number of different countries has produced an outpouring of books and other publications including the Cadbury Committee Report which sought to address the principal problems arising in the UK. The unusual feature of this book is that it compares systems operating in Australia with those in the UK while at the same time also looking carefully at US, German and Japanese experience. The significance of the subject matter of this book lies in the fact that institutional investors collectively hold a very large proportion of the equity capital of the UK ""corporate sector"", and a sizeable proportion of the equity capital of the Australian equivalent. In addition domestic companies in turn occupy an extremely significant position in the UK economy and a significant one in the Australian economy. How these companies are managed is of very great significance to the economies of these countries.

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9780198260882

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Reviews

Stapledon's analysis is clear, well argued, and based on a thorough survey of the literature. The book will be invaluable to all with an interest not only in the role of the institutions in corporate governance, but in corporate governance in general. --The Company, Financial and Insolvency Law Review<br> .,. this book provides invaluable insights into institutional investor behavior in the context of corporate governance it is highly recommended. --Waikato Law Review<br> The book contributes to a detailed understanding of the rise of institutional investors in both countries [Great Britain and Australia]...Stapledon deserves credit for providing a good reference source for others who may examine the Australian system of corporate governance and compare it, not only to Great Britain, but also to the United States, Germany, and Japan. --Michigan Law Review<br>

'This book provides a rigorous view of the nature and extent of institutional shareholder monitoring and involvement in Australia and the UK...This is a serious work based on detailed, depth anlaysis and well rooted in the literature.' a welcome and valuable contribution to the corporate governance debate and provides a wealth of information and background material about institutional shareholding in the United Kingdom and Australia, drawing on extensive empirical research conducted by the author./ This book is recommended reading for anyone who wishes to understand the nature of institutional shareholders, how they deal with their investments in public companies and the prospects for relying on them to improve the quality of corporate governance in the future./ Andrew Griffiths, Faculty of Law, Manchester University, Modern Law Review, May 1999. 'this lecturer in law at Melbourne University comes up with some modest but interesting ideas to make companies more accountable to their shareholders.' The Economist

<br> Stapledon's analysis is clear, well argued, and based on a thorough survey of the literature. The book will be invaluable to all with an interest not only in the role of the institutions in corporate governance, but in corporate governance in general. --The Company, Financial and Insolvency Law Review<br>. ..this book provides invaluable insights into institutional investor behavior in the context of corporate governance it is highly recommended. --Waikato Law Review<br> The book contributes to a detailed understanding of the rise of institutional investors in both countries [Great Britain and Australia]...Stapledon deserves credit for providing a good reference source for others who may examine the Australian system of corporate governance and compare it, not only to Great Britain, but also to the United States, Germany, and Japan. --Michigan Law Review<br>

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