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.
|Number of pages||8|
|Journal||The Company Lawyer|
|Publication status||Published - 2006|