March 11, 2021

Professor publishes article about shareholder roles

Professor Bryce Tingle has published the article in the Osgoode Hall Law Journal

Professor Bryce Tingle has published "Two stories about shareholders" in the Osgoode Hall Law Journal.

The article reviews the body of empirical research on the outcomes of the various forms of shareholder activism. Proposals, proxy campaigns, and takeovers represent the most impactful and costly forms of shareholder engagement with corporations. As it happens, the empirical evidence does tend to strongly support one of the two stories about the role of shareholders, but it is not the one currently dominating law reform efforts. If the character of shareholder interventions generally supports the story that shareholders lack the proper incentives and information to contribute to positive business outcomes, then much about the current regulatory scene needs to be re-evaluated.

Read the article