Variable: Minority Shareholder Rights

QoG Code: (gc_shr)


Dataset: State Capacity, Minority Shareholder Protections, and Stock Market Development

Description:

The ten key legal provisions identified as most relevant to the protection of minority shareholder rights are coded by a team of legal scholars coded between 0 and 1. The measures are not dichotomous because intermediate scores between 0 and 1 are possible. The sum of the scores for each of the ten legal provisions are the value of the variable, ranging from 0 to 10.

The ten legal provisions protecting the rights of minority shareholders:
1. Powers of the general meeting for de facto changes
2. Agenda-setting power
3. Anticipation of shareholder decision facilitated
4. Prohibition of multiple voting rights (super voting rights)
5. Independent board members
6. Feasibility of directors' dismissal
7. Private enforcement of directors' duties (derivative suit)
8. Shareholder action against resolutions of the general meeting
9. Mandatory bid
10. Disclosure of major share ownership

Type of variable: Categorical

Downloaded by QoG on: 2023-10-23
Last updated by source: 2017-11-10


Categories:

Judicial Private Economy


Find this variable in:

OECD Cross-section - 2023 OECD Time-series - 2024 Standard Cross-section - 2023 Standard Time-series - 2024 Original Dataset

Details of this variable in our compilations datasets
Dataset No. Countries
Standard time-series: 79
OECD time-series: 33


This variable has information for these countries:

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