The Role Of Institutional Investors In 
Corporate Governance
The Role of Institutional
Investors in Promoting Good
Corporate Governance
Corporate Governance
The Role of Institutional
Investors in Promoting
Good Corporate
Governance
This work is published on the responsibility of the Secretary-General of the OECD. The opinions expressed and arguments employed herein do not necessarily reflect the official views of the Organisation or of the governments of its member countries.
This document and any map included herein are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area.
Please cite this publication as:
OECD (2011), The Role of Institutional Investors in Promoting Good Corporate Governance, Corporate
Governance, OECD Publishing. doi: 10.1787/9789264128750-en
ISBN 978-92-64-12874-3 (print)
ISBN 978-92-64-12875-0 (PDF)
Series: Corporate Governance:
ISSN 2077-6527 (print)
ISSN 2077-6535(PDF)
The statistical data for Israel are supplied by and under the responsibility of the relevant Israeli authorities. The use of such data by the OECD is without prejudice to the status of the Golan Heights, East Jerusalem and Israeli settlements in the West Bank under the terms of international law.
Photo credit: Cover © Chrisharvey/Dreamstime.com.
Corrigenda to OECD publications may be found on line at: www.oecd.org/publishing/corrigenda.
© OCDE 2011
You can copy, download or print OECD content for your own use, and you can include excerpts from OECD publications, databases and multimedia products in your own documents, presentations, blogs, websites and teaching materials, provided that suitable acknowledgment of OECD as source and copyright owner is given. All requests for public or commercial use and translation rights should be submitted to rights@oecd.org. Requests for permission to photocopy portions of this material for public or commercial use shall be addressed directly to
The Role of Institutional
Investors in Promoting Good
Corporate Governance
Corporate Governance
The Role of Institutional
Investors in Promoting
Good Corporate
Governance
This work is published on the responsibility of the Secretary-General of the OECD. The opinions expressed and arguments employed herein do not necessarily reflect the official views of the Organisation or of the governments of its member countries.
This document and any map included herein are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area.
Please cite this publication as:
OECD (2011), The Role of Institutional Investors in Promoting Good Corporate Governance, Corporate
Governance, OECD Publishing. doi: 10.1787/9789264128750-en
ISBN 978-92-64-12874-3 (print)
ISBN 978-92-64-12875-0 (PDF)
Series: Corporate Governance:
ISSN 2077-6527 (print)
ISSN 2077-6535(PDF)
The statistical data for Israel are supplied by and under the responsibility of the relevant Israeli authorities. The use of such data by the OECD is without prejudice to the status of the Golan Heights, East Jerusalem and Israeli settlements in the West Bank under the terms of international law.
Photo credit: Cover © Chrisharvey/Dreamstime.com.
Corrigenda to OECD publications may be found on line at: www.oecd.org/publishing/corrigenda.
© OCDE 2011
You can copy, download or print OECD content for your own use, and you can include excerpts from OECD publications, databases and multimedia products in your own documents, presentations, blogs, websites and teaching materials, provided that suitable acknowledgment of OECD as source and copyright owner is given. All requests for public or commercial use and translation rights should be submitted to rights@oecd.org. Requests for permission to photocopy portions of this material for public or commercial use shall be addressed directly to
References: Baums, T. and K. Scott (2003), “Taking shareholder protection seriously: corporate governance in the United States and Germany”, ECGI Law Working Paper, 17/2003. Bohn, Daniella et al. (2009), Improvements of shareholders rights: The German shareholders rights Act, Corporate Alert, K&L Gates. Deutsche Aktien Institute (DAI) (2010), Factbook 2010, Frankfurt. Deutsche Bundesbank (2011), Time series database, available at www.bundesbank.de/statistik/ statistik_zeitreihen.en.php. DSW (2008), “DSW’s most recent fund Survey”, DSW Newsletter. April 2008. German Working Group on Corporate Governance for Asset Managers (2005), Corporate Governance Code for Asset Management Companies. Goyer, Michael (2006), “Varieties of institutional investors and national models of capitalism: the transformation of corporate governance in France and Germany”, Politics and Society, 2006 34. Goyer, Michael (2007), “Institutional investors in French and German Corporate governance: the transformation of corporate governance and the stability of co-ordination”, Center for European studies, program for the study of Germany and Europe, Working Paper, 07.2(2007). Heidrick & Struggles (2011), Challenging Board Performance: European Corporate Governance Report, London. Paul Hewitt (2011) (representing Manifest Information Services), “The Exercise of Shareholder Rights: Country Comparison of Turnout and Dissent”, OECD Corporate Governance Working Papers, No Maurer, Raimond (2003), “Institutional investors in Germany: Insurance companies and investment funds”, Center for Financial Studies, 2003/14. von Rosan, Rúdiger (2010), “zu Hause ist es immer noch am sichersten”, FTD, 24/09/2010, s 26. Zetzsche, Dirk (2008), “Shareholder passivity, cross border voting and the shareholder Rights directive”, Arbeitspapiere des Instiuts für Unternehmensrecht, Düsseldorf, Research Paper, 07/2008. institutional investors. The scope of the exercise is presented in the scoping paper DAF/CA/ CG(2010)12, which is annexed in this questionnaire