Shareholder rebellions of the type that forced VNU to scrap a proposed $7bn US takeover could run counter to efforts to improve corporate governance in the Netherlands, the expert monitoring Dutch standards has said.
Professor Jean Frijns, chairman of a committee reporting on the effectiveness of corporate governance reform in the Netherlands, said he wanted to avoid a situation where discussions between management and activist investors risked bypassing shareholders' meetings and undermining minority investor rights.
See full Article.
Also see "Activism 'risk to corporate governance'" (paid registration required for both).
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