Publication

Establishing shareholder democracy and enforcing the one-share-one-vote mandatory rule in the EU have drawn much attention and controversy. In the pursuit of popular appeal for the proposal, EC policy-makers have tried to make equiproportional representation nearly an aphorism tied to corporate egalitarian sentiments underscoring justice, fairness and ethics. Economic justification of the move, however, as a value-enhancing technique of corporate governance in terms of fostering efficiency and competitiveness across the EU has been stunningly absent from the EC policy-agenda.