Institutional Investors and Corporate Governance

This volume describes in detail the best practices being used to measure and enhance firm value while observing the rights of shareholders and managing the risks of dealing with them for long-term benefit of both companies and investors. Today, officers of pension funds and other large money managers are much more assertive about their shareholders' rights and have become increasingly active in dealing not only with top management, but also with corporate directors. The practices Brancato describes are based on her research for the US Competitive Policy Council, her experience as a member of the National Association of Corporate Directors' Blue Ribbon Commission, and her work at The Conference Board directing international working groups of corporate executives, global institutional investors and regulators. Best practices are described from her global research as well as her working groups on defining and communicating key measures of corporate performance. This volume describes in detail the best practices being used to measure and enhance firm value while observing the rights of shareholders and managing the risks of dealing with them for long-term benefit of both companies and investors.

The volume contains 23 articles by international experts, both scholars and practioners dealing with the development of institutional investors (such as banks, insurances, investment companies, pension funds etc.), their investment and voting policies, the impact on managements of the companies concerned and related issues. The consequences of the international development on capital markets as well as policy implications for the respective national legislations are treated.