Advisory Governance Policy, Shareholder Voice, and Board Responsiveness: The Case of Majority Vote in Director Elections

Social Sciences

• majority of vote 100%
• shareholder 71%
• shareholder activism 51%
• director 50%
• majority vote 46%
• election 43%
• governance 38%
• firm 34%
• shareholder proposal 28%
• corporate board 23%
• voting 12%
• empowerment 12%
• campaign 11%
• time 5%
• majority-vote standard 2%

Business & Economics

• Responsiveness 69%
• Elections 60%
• Vote 59%
• Governance 42%
• Shareholder Activism 32%
• Corporate Boards 14%
• Signaling Theory 14%
• Voting 12%
• Willingness 11%
• Plurality 11%
• Empowerment 11%
• Prediction 9%
• Empirical Results 8%