Assemblée générale des actionnaires

L’assemblée générale des actionnaires constitue le moment privilégié pour les propriétaires des actions d'une société de s'informer sur la situation de l'entreprise et de s'exprimer sur sa gestion. Elle se réunit au minimum une fois dans l'année. L'assemblée générale peut être ordinaire (AGO) ou extraordinaire (AGE). L'objet de l'assemblée générale est d'approuver les comptes de l'exercice présentés par le directoire ou le conseil d'administration. Par ailleurs, différentes résolutions, telles que le montant du dividende ou des opérations sur le capital, sont soumises au vote des actionnaires. Le lieu de réunion est fixé dans la convocation adressée aux actionnaires, au siège social ou dans tout autre lieu du département, sauf clause contraire des statuts. Droit français Dans le code du commerce, les règles concernant les assemblées d'actionnaires sont prévues aux articles L225-96 à L225-125 Droit canadien Dans la Loi canadienne sur les sociétés par actions (

À propos de ce résultat

Cette page est générée automatiquement et peut contenir des informations qui ne sont pas correctes, complètes, à jour ou pertinentes par rapport à votre recherche. Il en va de même pour toutes les autres pages de ce site. Veillez à vérifier les informations auprès des sources officielles de l'EPFL.

Publications associées (2)

Publications associées

Chargement

Personnes associées

Chargement

Unités associées

Chargement

Concepts associés (3)

Concepts associés

Chargement

Cours associés (3)

Cours associés

Chargement

Séances de cours associées (6)

Séances de cours associées

Chargement

Empirical Evidence on the Effectiveness of Shareholder Democracy

Maxime Thibault B Couvert

This thesis is composed of two essays that study the effectiveness of shareholder democracy. In the first essay, I analyze the firm value implications of shareholder-initiated proposals. I show that managerial resistance precludes half of shareholder-initiated proposals from reaching the ballot stage. I construct a novel dataset of excluded and withdrawn proposals from the Securities and Exchange Commission's responses to managers' exclusion requests. An examination of announcement returns to the exclusion and withdrawal decisions reveals that non-voted proposals have a value-destroying nature. Special interest investors pursuing self-serving agendas and retail investors advocating for one-size-fits-all reforms explain the harmful character of non-voted proposals. I correct for the selection bias induced by managerial resistance and show that focusing only on voted proposals overstates the shareholder proposals-driven value creation. In the second essay, I study the impact of mutuals funds' environmental, social, and governance (ESG) preferences on portfolio firms. I construct measures of mutual funds' ESG preferences from their proxy voting guidelines in which mutual funds announce how they generally vote on the different ballot items at the shareholder meetings of their portfolio firms. I manually collect 17,000 of these voting policies for a sample of 29 of the largest U.S. mutual fund families over 2006-2018. I find that voting policies are a major predictor of funds' voting behavior. Exploiting staggered changes in funds' voting policies as an instrument, I show that investee companies adopt their mutual fund shareholders' preferred governance provisions. This adoption is the result of mutual fund shareholders' active voting. Announced voting policies also stimulate strategic proposal submissions by non-mutual fund shareholders.

EPFL2021

Chargement

The open innovation research landscape: established perspectives and emerging themes across different levels of analysis

Allan Afuah, Marcellus Bogers, Marc Gruber

This paper provides an overview of the main perspectives and themes emerging in research on open innovation (OI). The paper is the result of a collaborative process among several OI scholars - having a common basis in the recurrent Professional Development Workshop on Researching Open Innovation' at the Annual Meeting of the Academy of Management. In this paper, we present opportunities for future research on OI, organised at different levels of analysis. We discuss some of the contingencies at these different levels, and argue that future research needs to study OI - originally an organisational-level phenomenon - across multiple levels of analysis. While our integrative framework allows comparing, contrasting and integrating various perspectives at different levels of analysis, further theorising will be needed to advance OI research. On this basis, we propose some new research categories as well as questions for future research - particularly those that span across research domains that have so far developed in isolation.

Routledge Journals, Taylor & Francis Ltd2017

Chargement

Conseil d'administration

Le conseil d’administration (CA, en anglais board of directors, BOD) est un groupe de personnes morales ou physiques (les administrateurs) chargé d'administrer une institution, comme une associatio

Committee

A committee or commission is a body of one or more persons subordinate to a deliberative assembly. A committee is not itself considered to be a form of assembly. Usually, the assembly sends matters i

Actionnaire

L'actionnaire est un investisseur en capital et un type particulier d'associé. Il est propriétaire (ou titulaire) d'une valeur mobilière, l'action, qui lui ouvre des prérogatives dans le fonctionnemen

MGT-455: Practical business law

The course covers the fundamental concepts of business law from a practical standpoint, including contracts and company law, intellectual property, competition law and data protection, with a special focus on issues specific to start-up companies.

FIN-401: Introduction to finance

The course provides a market-oriented framework for analyzing the major financial decisions made by firms. It provides an introduction to valuation techniques, investment decisions, asset valuation, financing decisions, and other financial decisions of firms.

PHYS-600: Frederic Joliot/Otto Hahn Summer School on nuclear reactors Physics, fuels and systems

The School's aim is to address the challenges of reactor design and optimal fuel cycles, and to broaden the understanding of theory and experiments. The programme of each School session is defined by the International FJOH Scientific Board.