What corporate structures, rules, and practices would be most conducive for long-term value creation? Some argue that shareholder pressures make boards and managers focus excessively on the short-term, while others argue that insulating boards and managers from such pressures would be detrimental. The ongoing debate involves a wide range of topics including control contests, dual-class structures, antitakeover arrangements, private equity, executive pay design, and short-termism. Beginning with comments from several capital market participants with different perspectives, this session focuses on such questions with participation from the audience.
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