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Unformatted text preview: banks etc.) of capital, will this standardize governance? Concerns? Copyright 2013 Copyright 2013 Global Governance Continued: Evaluate: Insider systems of control (family ­ lead bank ­ sister companies) v. External systems (outside directors, protection of minority holders, global capital markets) – Is there a universal value to effective governance in: One share ­ one vote ­ no dual classes of shares Broad construction of shareholder voting rights ­ directors, capital issues, bylaws and . . . ? True independence of directors ‘Fair’ treatment of minority shareholders Copyright 2013 Copyright 2013 Groups to Exercise Control: South African Pyramid Companies Calpers in U.S. or Lens (M...
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