Poor stewardship by investors has been argued to be a cause of poor corporate governance. Moreover, when investors do engage with companies, they do so to increase short-term profit at the expense of long-run value.

This talk will critically analyse the evidence on whether shareholder activism is beneficial for long-term value and suggest policies to promote the 'good' type of shareholder engagement. It will stress that reform must extend far beyond asset managers to the entire investment industry.

A lecture by Alex Edmans, Gresham Professor of Business 6 March 2019

The transcript and downloadable versions of the lecture are available from the Gresham College website:
https://www.gresham.ac.uk/lectures-and-events/stewardship-role-investors

Gresham College has been giving free public lectures since 1597. This tradition continues today with all of our five or so public lectures a week being made available for free download from our website. There are currently over 2,000 lectures free to access or download from the website.

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