Abstract
The increase in concentration of institutional shareholdings and the concomitant potential to increase board accountability dominated corporate governance literature during the 1980s and early-1990s. A new era of accountability was prophesised, but ultimately, failed to occur, and institutional investment gradually faded from the academic spotlight. This paper analyses why a new era of accountability did not occur and argues that institutional activism is once again on the rise.
| Original language | English |
|---|---|
| Pages (from-to) | 297-304 |
| Number of pages | 8 |
| Journal | The Company Lawyer |
| Volume | 27 |
| Issue number | 10 |
| Publication status | Published - 2006 |