Topic Results: Stakeholders

January 13, 2012

Roger Martin versus Michael Jensen: much ado about nothing

In a profanity-laden interview with Terence Corcoran of the National Post (January 6th 2011), Professor Michael Jensen rejects the accusation in Roger Martin’s latest book that he is the spiritual father of the shareholder-value maximization movement. True enough; in the seminal Jensen-Meckling article of 1976 that Martin singles out as the source of this abomination, […]

November 4, 2009

Business Corporations Act: Bill 63

According to IGOPP, the proposed Business Corporations Act (Bill 63) is a quantum leap in the right direction. It modernize and clarify some dsyfunctionnal aspaects of our business laws and legal system. Furthermore, Bill 63 introduce some useful innovations. Howewer, some modifications to the Bill would improve the chances of Québec to become a destination […]

March 30, 2009

Giving Shareholders a Say on Pay

At a time when several Canadian financial institutions are about to hold a non-binding shareholder vote on executive compensation, the Institute for Governance of Private and Public Organizations (IGPPO) states in a position paper made public  that this process should not be imposed on all publicly traded companies. “The arguments pros and cons a non-binding […]

June 18, 2007

Hedge Funds and Private Equity Funds

Agenda of Presentation: Preliminary remarks Hedge Funds Private Equity Funds Policy Implications

May 14, 2007

“Who will decide Alcan’s fate?”

On May 7, 2007, Alcoa launched a bid to take over Alcan. It is qualified as “hostile” takeover bid because no previous arrangements had been made with the Alcan board of directors in this regard. This event, which follows on the heels of several other takeovers of Canadian businesses by foreign interests in recent months, […]

December 11, 2006

Corporate citizenship and the right to vote

In this age of momentum investors, day traders and hedge funds, the practice of granting transient “investors” the full and immediate rights of corporate citizenship, including the right to vote, is questionable and should be questioned. The democratic equivalent to this practice would consist of granting the right to vote to anyone who happens to […]