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Stewardship and collateral

Benjamin, Joanna (2017) Stewardship and collateral. LSE Law, Society and Economy Working Papers (7/2017). Department of Law, London School of Economics and Political Science, London, UK.

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Identification Number: 10.2139/ssrn.2969829


Recent case law has confirmed that investors in indirectly held securities are not recognised as shareholders or bondholders, and are thus disenfranchised. This cuts across calls for greater investor activism. Further, the post-crisis emphasis on financial market collateral promotes operational changes running counter to enfranchisement and activism. The suggested solution is to recognise two categories of holding, namely traditional securities and collateral depositary receipts.

Item Type: Monograph (Working Paper)
Official URL:
Additional Information: © 2017 The Author
Divisions: Law
Subjects: H Social Sciences > HG Finance
K Law > K Law (General)
Date Deposited: 19 Apr 2018 13:27
Last Modified: 16 May 2024 12:13

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