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2012 | OriginalPaper | Chapter

Shareholder Activism in Canada: The Emergence of a New Tool for Improving Corporate Governance Practices

Authors : Vanessa Serret, Sylvie Berthelot

Published in: Corporate Governance

Publisher: Springer Berlin Heidelberg

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Abstract

Shareholder democracy is gaining ground the world over. This chapter analyses the emergence of shareholder activism in Canada as a tool for improving corporate governance practices and explains the reasons underlying the recent apparition of activism in this country. In addition, it describes the nature of proposals according to filer type and targeted firms, which in turn provides a complete overview of shareholder democracy since its early beginnings and from 2000 to 2009. Finally, a review of activism in other countries offers some elements of comparison.

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The proposal project can be omitted by the stock market authorities in the case of nonconformity to the set legal framework or the directors of the firm can even decide not to submit it to the vote.

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Title: Shareholder Activism in Canada: The Emergence of a New Tool for Improving Corporate Governance Practices
Authors: Vanessa Serret
Sylvie Berthelot
Publisher: Springer Berlin Heidelberg
Book: Corporate Governance
Print ISBN: 978-3-642-31578-7

Electronic ISBN: 978-3-642-31579-4

Copyright Year: 2012
DOI: https://doi.org/10.1007/978-3-642-31579-4_4