Fair Shares: The Future of Shareholder Power and Responsibility Book

	Abbreviations
	Introduction: Why a Book about Shareholders?	1
1	The Purpose of the Company	15
2	The Role of shareholders in the UK	27
3	The World of Regulation	40
4	The Development of the Joint Stock Company	44
5	Directors: The Legal Framework	51
6	Shareholders: The Legal Framework	61
7	The Role of Banks	79
8	The Ownership of Companies	88
9	Shares as a Home for Savings	95
10	The Private Shareholder	108
11	Narrower Share Ownership	118
12	Power: The Greasy Pole	126
13	The Rise of the Institutions	131
14	The Legal Obligations of Institutional Shareholders	140
15	Investment Strategy and Governance	155
16	The Institutions: Combined Action	166
17	Remuneration	178
18	Disclosure	193
19	The International Dimension	201
20	The AGM	205
21	The Obligations of Significant Ownership	223
22	Guarding the Guards	231
23	A Summary of Proposals for Reform	239
App. 1	Report of the Committee on the Financial Aspects of Corporate Governance (Cadbury Code)	245
App. 2	Directors' Remuneration: Report of a Study Group Chaired by Sir Richard Greenbury (Greenbury Code)	248
App. 3	Committee on Corporate Governance	254
App. 4	List of IFMA Members as at 1 July 1997	258
App. 5	Extracts from IFMA Fund Management Survey 1997	260
	Select Bibliography and References	262
	Index	267