US institutional investors look at corporate governance in the 1990s

Michael Useem*, Edward H. Bowman, Jennifer Myatt Pendergast, Craig W. Irvine

*Corresponding author for this work

Research output: Contribution to journalArticle

48 Scopus citations

Abstract

In the US and elsewhere, shareholdings in corporations have become more concentrated in the hands of institutional investors. Paradoxically, the latter have not increased their power over management. But in the US a lively debate has begun on the topic of corporate governance. Michael Useem, Edward Bowman, Jennifer Myatt, and Craig Irvine present the results of an extensive survey of US institutions in three main areas: investor relations with management, shortcomings of the present governance system, and anticipated trends in shareholder activism. In general, institutional investors are expected to redouble their efforts to make company directors more independent of managers and more accountable to owners.

Original languageEnglish (US)
Pages (from-to)175-189
Number of pages15
JournalEuropean Management Journal
Volume11
Issue number2
DOIs
StatePublished - Jan 1 1993

ASJC Scopus subject areas

  • Strategy and Management

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