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Corporate Governance - Shareholder's duty of care.
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Paper, Corporate Governance UvA 2003 (Prof. dr Arnoud Boot & Prof. mr Jaap Glasz). Shareholder's Duty of Care Martijn Brinkhuis Lodewijk Derkman Tobias van der Hoeven Sjoerd Arlman Preface It was concluded in the NBER's 1998 working paper "Corporate Ownership Around the World" that large corporations are widely held only in economies with good shareholder protection. In the U.S., among the largest firms there is only modest concentration of ownership, while amongst the largest firms in Germany, Italy and Japan a more significant concentration of ownership was found1. In the latter countries especially banks own large blocks of shares. The Netherlands is somewhere in between, banks do not hold large blocks of shares as they do in Germany, Italy and Japan, however shares are not as widely held as in the U.S2. In countries with (semi-) widely held shares, a shareholder with a relatively small stake (e.g. 10%) will not be a controlling shareholder per se, but may...
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