The Path to Enlightened Investor Stewardship

Nyhet

Inbunden, Engelska, 2026

1 809 kr

Kommande

The Path to Enlightened Investor Stewardship begins from a transformative premise: that institutional investors, as custodians of capital, bear enduring responsibilities not only to their proximate clients and beneficiaries, but also to end-investors and to the financial, social, and ecological systems in which they operate. Yet stewardship remains a contested and fragmented field of norms, practices, and expectations. Focusing on the UK as a paradigmatic site, this book traces the historical, conceptual, and regulatory evolution of stewardship from its shareholder-centric roots to an expansive, system-aware model. Drawing on original analysis of stewardship disclosures and activist interventions, and informed by interdisciplinary insights, it develops a typology of investor stewardship-multi-level, multi-actor, multi-asset, multi-mean, and multi-aim. At its heart is the model of enlightened investor stewardship: a relational and purposive practice that charts a path from fragmented duties to coherent accountability, and from procedural compliance to transformative responsibility.

Produktinformation

Utgivningsdatum2026-06-30
Vikt500 g
FormatInbunden
SpråkEngelska
SerieInternational Corporate Law and Financial Market Regulation
Antal sidor305
FörlagCambridge University Press
ISBN9781009279468

Tillhör följande kategorier

Nationalekonomi inom Ekonomi och ledarskap
Internationell rätt inom Juridik
Bolags-, handels- och konkurrensrätt inom Juridik

1. Why Stewardship, why now? The stakes, the puzzle, and the path forward; 2. Ownership, control and shareholder governance: theoretical roots and institutional shifts; 3. Institutional shareholder activism: evolving actors, strategies and influence; 4. The anatomy of investor Stewardship; 5. Regulating Stewardship: the UK Stewardship code and the expansion of normative ambitions; 6. Empirical insights into UK Stewardship reporting: a textual and computational analysis; 7. The varieties of investor Stewardship: a typology and framework for reform; 8. The third-generation UK Stewardship code: towards enlightened investor Stewardship.

Like many fashionable notions, 'stewardship' is a term which can mean different things to different people. And regulators, who rush to take the concept up, rarely tarry to define it. This book undertakes the task of saving stewardship from the charge of vacuity. It is difficult to think of anyone better than Professor Katelouzou to undertake this task. She has world-wide knowledge of the instantiation of stewardship, has developed an analytical apparatus which is second to none and applies with vigour to this most tricky of problems. Paul Davies, Senior Research Fellow, University of Oxford, Harris Manchester College