This book focuses on boards and shareholders and on the ways in which corporate governance doctrines have changed their world. Key here is the concentration of share ownership, from individuals to institutions; it is this which has provided the engine for change. With this goes a change in investor attitudes, leading to a more interventionist approach. Other drivers have been the need to attract international investment and the need by companies to tap world capital markets. Then there has been a move worldwide towards privatization, shifting assets, and the control of those assets from the state sector to the market economy. Finally, there are the changing expectations which society has of companies and their purpose, and of investors.
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