The Path to Enlightened Investor Stewardship

Dionysia Katelouzou is Reader in Law at King's College London and a Research Member of ECGI. She specialises in comparative and transnational corporate law, corporate governance, and financial regulation. Internationally recognised for her interdisciplinary research and policy engagement, she leads the Global Investor Stewardship project and has secured major research grants.

Like many fashionable notions, 'stewardship' is a term which can mean different things to different people. And regulators, who rush to take the concept up, rarely tarry to define it. This book undertakes the task of saving stewardship from the charge of vacuity. It is difficult to think of anyone better than Professor Katelouzou to undertake this task. She has world-wide knowledge of the instantiation of stewardship, has developed an analytical apparatus which is second to none and applies with vigour to this most tricky of problems. Paul Davies, Senior Research Fellow, University of Oxford, Harris Manchester College

• 1. Why Stewardship, why now? The stakes, the puzzle, and the path forward; 2. Ownership, control and shareholder governance: theoretical roots and institutional shifts; 3. Institutional shareholder activism: evolving actors, strategies and influence; 4. The anatomy of investor Stewardship; 5. Regulating Stewardship: the UK Stewardship code and the expansion of normative ambitions; 6. Empirical insights into UK Stewardship reporting: a textual and computational analysis; 7. The varieties of investor Stewardship: a typology and framework for reform; 8. The third-generation UK Stewardship code: towards enlightened investor Stewardship.