Chapter

The Pension Plan as Shareholder

August Baker, Dennis E. Logue and Jack S. Rader

in Managing Pension and Retirement Plans

Published in print November 2004 | ISBN: 9780195165906
Published online July 2005 | e-ISBN: 9780199835508 | DOI: http://dx.doi.org/10.1093/019516590X.003.0021
 The Pension Plan as Shareholder

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This chapter begins by providing an overview of how US corporations are governed. It then reviews the empirical work that has tried to determine whether active shareholding actually makes a difference. It outlines the alternative strategies available to pension fund managers who wish to be more active in the affairs of the companies in which they are invested. The reasons why some pension funds are not active shareholders and some practical issues to be considered by funds that choose to be more active shareholders are discussed.

Keywords: pension plans; pension funds; shareholders; corporate governance; active shareholding

Chapter.  5320 words. 

Subjects: Financial Markets

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