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

'Dionysia Katelouzou is the world's leading authority on investor stewardship, and this book is her magnum opus. With analytical precision and regulatory insight, she redefines stewardship as a vital public function-grounded in law, informed by data, and responsive to systemic risk. This is essential reading for anyone serious about corporate governance in the 21st century. Dan Puchniak, Yong Pung How Chair Professor of Law, Director, Centre for Commercial Law in Asia, Singapore Management University

The Path to Enlightened Investor Stewardship begins from a transformative premise: that institutional investors, as custodians of capital, bear enduring responsibilities not only to their proximate clients and beneficiaries, but also to end-investors and to the financial, social, and ecological systems in which they operate. Yet stewardship remains a contested and fragmented field of norms, practices, and expectations. Focusing on the UK as a paradigmatic site, this book traces the historical, conceptual, and regulatory evolution of stewardship from its shareholder-centric roots to an expansive, system-aware model. Drawing on original analysis of stewardship disclosures and activist interventions, and informed by interdisciplinary insights, it develops a typology of investor stewardship-multi-level, multi-actor, multi-asset, multi-mean, and multi-aim. At its heart is the model of enlightened investor stewardship: a relational and purposive practice that charts a path from fragmented duties to coherent accountability, and from procedural compliance to transformative responsibility.
Les mer
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.
Les mer
A bold rethinking of shareholder-and more broadly investor-stewardship, combining legal theory and empirical analysis to propose enlightened, reform-driven governance.

Produktdetaljer

ISBN
9781009279468
Publisert
2026-05-31
Utgiver
Cambridge University Press
Vekt
500 gr
Aldersnivå
G, 01
Språk
Product language
Engelsk
Format
Product format
Innbundet
Antall sider
305

Biografisk notat

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.