Are Shareholders Adequately Represented in the Corporate Governance Process?

摘要

In this assignment the author, attempts to express the opinion that the shareholders are adequately represented in the corporate governance process by using the banking industry among others to enforce that hypothesis. Because of the absence of moral purpose in the banking industry [1], Lord Myners, Gordon Brown's City minister, has turned to the more actual matter of how best to inspire more active shareholders oversight of businesses [2]. Lord Myners's proposed that long-term shareholders should be allowed greater voting rights than short-term speculators; this proposal has been criticized as foolish and unfeasible by his colleagues, short-term investors and the banking sector. Consequently, it should not be a shock to see the rights of shareholders trampled on, when creative, ethical and sensible ideas are shot down by the people who should be looking after the interest of their investors and citizens [3].