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| Format: | Artículo científico |
| Language: | en |
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Pontificia Universidad Católica de Chile
2011
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| Online Access: | https://www.redalyc.org/articulo.oa?id=177019201002 |
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Table of Contents:
- INSTITUTIONAL SHAREHOLDERS AND CORPORATE GOVERNANCE: DO INSTITUTIONAL SHAREHOLDERS HAVE AN ACTIVE PARTICIPATION IN PREVENTIVE GOVERNANCE IN THE UNITED KINGDOM? AND IF SO, HOW? Christian Anguita Oyarzún Derecho agency dilemma Corporate governance preventive governance institutional investors codes of best practices In this paper the author examines the approach of institutional shareholders to Corporate Governance in the United Kingdom, in particular the issue of preventive governance according to the Combined Code of United Kingdom. Corporate Governance has been developed to solve the agency dilemma that exists in modern corporations. Plenty of legislation has been issued around the world to prevent the scandals of the past; however business needs flexible principles for reasons of efficiency. An important role is played by institutional shareholders. The main thesis of this paper is that preventive governance is the best way to solve the agency dilemma and institutional shareholders have learned the importance of it. 2011 artículo científico 0716-0747 https://www.redalyc.org/articulo.oa?id=177019201002 en http://www.redalyc.org/revista.oa?id=1770 Revista Chilena de Derecho application/pdf Pontificia Universidad Católica de Chile Revista Chilena de Derecho (Chile) Num.1 Vol.38