Despite investors' growing influence in modern corporations, the impact of shareholder empowerment remains uncertain. Proponents claim that empowered shareholders will improve managerial accountability and firm performance; critics warn that empowering shareholders will merely compound the problems of managers' and shareholders' self-serving behavior. In this book, leading management experts offer critical insights into the promises and illusions of shareholder empowerment, the discrepancies between theory and practice, and the challenges posed by disparities in global corporate governance...