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A macro-level investigation of transatlantic controlling shareholder's fiduciary duty

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dc.contributor.authorAnidjar, Leon
dc.contributor.rorhttps://ror.org/02jjdwm75
dc.date.accessioned2025-04-09T15:46:47Z
dc.date.available2025-04-09T15:46:47Z
dc.date.issued2021-06-27
dc.description.abstractLegal systems around the world apply various strategies to mitigate agency costs between controlling and minority shareholders. A systematic review of the transnational law on the loyalty and care obligations of controlling shareholders reveals various doctrinal choices. This study aims to uncover the evolution of these choices by employing a law-in-context methodology. Accordingly, it seeks to explain the differences in governance selections by exploring the cultural, historical and socio-economic backgrounds of the particular legal systems in which organisations and decisions are embodied. I conduct a macro-level inquiry which focuses on the cultural environment and business history development to understand different doctrinal designs. In particular, I argue that those dissimilarities are a result of unique cultural-non-formal norms of corporate governance regarding the protection afforded to shareholders’ interests and they correspond to the historical development of the law of corporate groups across nations. As the macro-level investigation indicates, any initiative to globally converge corporate law and governance should be carried out with caution because it may distort the delicate normative equilibrium represented in a given jurisdiction.
dc.description.peerreviewedyes
dc.description.statusPublished
dc.formatapplication/pdf
dc.identifier.citationAnidjar, L. (2022). A macro-level investigation of transatlantic controlling shareholder's fiduciary duty. Legal Studies, 42(2), 185-208. https://doi.org/10.1017/lst.2021.40.
dc.identifier.doihttps://doi.org/10.1017/lst.2021.40
dc.identifier.issn0261-3875
dc.identifier.urihttps://hdl.handle.net/20.500.14417/3745
dc.issue.number2
dc.journal.titleLegal Studies
dc.language.isoen
dc.page.final208
dc.page.initial185
dc.page.total24
dc.publisherCambridge University Press
dc.relation.departmentPrivate & Business Law
dc.relation.entityIE University
dc.relation.schoolIE Law School
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International
dc.rights.accessRightsinfo:eu-repo/semantics/openAccess
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/deed.en
dc.subject.keywordGlobal convergence of corporate governance and norms
dc.subject.keywordLaw of business groups
dc.subject.keywordCultural-non-formal norms of corporate governance
dc.subject.keywordControlling shareholders' loyalty and care obligations
dc.titleA macro-level investigation of transatlantic controlling shareholder's fiduciary duty
dc.typeinfo:eu-repo/semantics/article
dc.version.typeinfo:eu-repo/semantics/publishedVersion
dc.volume.number42
dspace.entity.typePublication
relation.isAuthorOfPublication7cd34195-695c-439e-b19e-e8da23d0736e
relation.isAuthorOfPublication.latestForDiscovery7cd34195-695c-439e-b19e-e8da23d0736e
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