Response to Paul Rose, Shareholder Proposals in the Market for Corporate Influence
Professor Paul Rose’s Shareholder Proposals in the Market for Corporate Influence makes a significant contribution to the literature on shareholder proposals. The empirical data on shareholder voting trends from 2003 to 2013 was informative, and the insights Professor Rose derives there from are plausible conclusions. In this short response, I provide a few additional observations. My observations stem from a different rearrangement of the categories of shareholder proposals. Once the labels for the different shareholder proposals are rearranged, additional plausible insights follow.