J.C. Clément defends his thesis

Before a jury from Pierre Mendès-France University of Grenoble, Jean-Charles Clément defended his doctoral thesis entitled “The role of proxy fights in corporate governance”.

Theories stemming from corporate governance research have pinpointed the need to discipline directors into taking decisions that create shareholder value. Disciplinary pressure can be exerted through general assemblies, by waging proxy battles. But from the shareholders’ vantage point, are proxy fights really an effective for pressuring dissident directors?