Effective Shareholder Engagement: The Factors that Contribute to Shareholder Salience

Institutional investors are increasingly becoming active owners through voting their shares and engaging in dialogue with investee companies to improve corporate environmental, social and corporate governance (ESG) performance. This article applies a model of stakeholder salience to the shareholder...

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Bibliographic Details
Published inJournal of business ethics Vol. 92; no. Suppl 1; pp. 79 - 97
Main Authors James, E., Gifford, M.
Format Journal Article
LanguageEnglish
Published Dordrecht Springer 01.01.2010
Springer Netherlands
Springer Nature B.V
SeriesJournal of Business Ethics
Subjects
Assertiveness
Business and Management
Business Ethics
Business management
Business structures
Corporate governance
Credibility
Divestment
Divestments
Education
Environmental performance
Ethics
Institutional investments
Investment companies
Investors
Legitimacy
Management
Normativity
Pension funds
Philosophy
Quality of Life Research
shareholder activism
shareholder engagement
Shareholders
Shareholders rights
stakeholder salience
Stakeholders
Stockholders
Target companies
shareholder activism
stakeholder salience
shareholder engagement
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Summary:Institutional investors are increasingly becoming active owners through voting their shares and engaging in dialogue with investee companies to improve corporate environmental, social and corporate governance (ESG) performance. This article applies a model of stakeholder salience to the shareholder context, analysing the attributes of power, legitimacy and urgency, to determine the factors that are likely to enhance shareholder salience. It is found that a strong business case and the values of the managers of investee companies are likely to be the most important contributors to shareholder salience.
ISSN:0167-4544
1573-0697
DOI:10.1007/s10551-010-0635-6