Efficient corporate decision-making. Challenges of an increasing diversification of share ownership in Europe. KU Leuven
Questions about the distribution of powers within corporations often make headlines in the media. During the downfall of Fortis extensive discussions have been held about the question whether the board of directors has authority to sell essential assets of the corporation and say on pay, shareholders clout on fixing remuneration of directors and managerscaused a heated debate in many countries. The legislator can only react, but systematically ...