More clout for shareholders?

THIS WEEK'S TOPIC: Should shareholders have a greater say in corporate governance? What key matters should require shareholder approval?

Roger Barker Director of Corporate Governance Institute of Directors (UK)

CORPORATE governance is ultimately about who exercises power over companies, and in whose interests. The board, shareholders and management all have key roles to play.

However, the relative influence of each of these actors over decision-making can vary significantly by company and by national jurisdiction.

In the United States, boards exert significant power, whereas in many other countries - such as Singapore - controlling shareholders are …