A new politics of engagement: shareholder activism for corporate social responsibility
从历史视角梳理股东积极主义的兴起，描述关键参与者、企业社会责任议题、决议准备与对话过程，评估已有成果，并为分析股东积极主义有效性和“股东民主”模式奠定概念基础。
Abstract Shareholder groups are increasingly going beyond the decision to invest, not to invest, or to divest by proposing and voting on company specific corporate social responsibility (CSR) issues at annual shareholder meetings. This activity is joined by an increasingly sophisticated ‘strategy of engagement’ by both shareholders and companies. In the process, a model of investor capitalism based on ‘responsible ownership’ is being forged that addresses social and environmental issues previously outside the domain of most shareholders. This paper traces a historical perspective on the growth and spread of shareholder activism, describes the key actors currently involved in this activity, illustrates the CSR issues being raised, explains the process of preparing resolutions and entering into dialogue, assesses some of the results gained so far and lays a conceptual foundation to help analyse the effectiveness of shareholder activism and assess the viability of models of ‘shareholder democracy’. Copyright © 2003 John Wiley & Sons, Ltd and ERP Environment.