Category Archives: Corporate Law

Shareholder Stewardship: Autonomy and Sociality

Corporate Law

Private and public actors have traditionally conceived, diffused and accepted shareholder stewardship as a market-driven concept.  In my paper published in the Journal of Corporate Law Studies in 2023, I argue that there is another constitutive—and admittedly well hidden—element of stewardship that is more apt to fully grasp its distinctive features and to better inform market and public policy initiatives. This element, which I refer to as ‘stewardship sociality’, regards stewardship’s essence as a social norm that precedes and operates outside of any soft or hard law initiatives. 

IPOs and Equity Valuations in Singapore

Banking and Finance, Corporate Law

Recently, there has been much discussion in Singapore about the dearth of initial public offerings (‘IPOs’) and undervaluation of the share prices of many listed companies on the Singapore Exchange. Committees have been set up to address this issue. Some reasons have been postulated and good solutions have been provided. But there may be fundamental structural issues that are harder to resolve.

Shareholder Engagement in East Asia

Banking and Finance, Corporate Law

Little has been written in the legal literature about hedge fund activism in major East Asian markets. To fill this literature gap, my chapter entitled ‘Shareholder Engagement in East Asia’, forthcoming in Board-Shareholder Dialogue: Policy Debate, Legal Constraints and Best Practices (Luca Enriques and Giovanni Strampelli eds, Cambridge University Press), aims to take an empirical and comparative approach to examining hedge fund activism in the three major East Asian markets of mainland China, South Korea and Japan.

From Protecting Bank Customers and Creditors to Finding a Mechanism for Corporate Sustainability

Banking and Finance, Corporate Law, Equity and Trusts, ,

This blogpost combines two recent research pieces about how regulation and private law can find a meeting point in the proper purpose rule in company law/equity which could underpin entity and individual duties to take into account considerations external to the relationship which gives rise to such duties.