Introduction
The quest of improving the involvement of shareholders in the affairs of a company, and thereby developing a more informed relationship and communication between management and shareholders, has been a multi-pronged approach in most of the jurisdictions studied. Traditionally, this effort has focused on the disclosure obligations of the company and its management, which was the topic of Section 3.3 «Information». As noted in that section, this occurs against a backdrop of facilitating the real ability of a shareholder not only to receive timely and adequate information but also to exercise their votes in shareholders meetings.
This Section takes as its primary concern shareholder involvement in decision-making and what circumstances trigger their involvement. This includes the concept of shareholder stewardship (Section 3.4.1), the rights attaching to shareholder votes and specific issues related to executive compensation (Sections 3.4.2 and 3.4.3), and event driven matters relating to changes of control (Section 3.4.4).