TY  - JOUR
TI  - Corporate Governance, Institutional Investors and Conflicts of 
Interest 
T2  - Corporate Governance: An International Review
IS  - 4
KW  - институциональный инвестор
KW  - корпоративное управление
KW  - корпоративный контроль
KW  - корпоративный конфликт
KW  - корпоративный менеджмент
KW  - структура менеджмента фирмы
AB  - The paper outlines the problems of conflicts of interest for 
fiduciary shareholders with respect to the stock of publicly owned 
companies in their portfolios and considers various approaches 
proposed to address these problems. The questions of whether 
fiduciary problems are the result of a vacuum of ownership and an 
imbalance of power, and the extent to which regulatory reform and 
shareholder activism can resolve these problems, are examined. From 
this analysis a framework is developed that describes the sources, 
outcomes and factors contributing to the effectiveness of conflict 
management in the context of the current investment environment. A 
series of recommendations for mediating conflicts of interest by 
changing board architectures are presented. These recommendations 
apply principles of participative corporate democracy to the overall 
governance system. 
AU  - Ingley, C.B.
AU  - van der Walt, Nicholas T.
UR  - http://ecsocman.hse.ru/text/19008338/
PY  - 2004
SP  - 534-551
M2  - 534
VL  - 12
SN  - 
N1  - 
LA  - EN
CY  - 
PB  - 
M3  - 
LB  - 
VL  - 
ER  -