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John C. Coates, IV, Thirty Years of Evolution in the Roles of Institutional Investors in Corporate Governance, in Research Handbook on Shareholder Power ch. 4 (Jennifer G. Hill and Randall S. Thomas, eds., 2015).

Abstract: Much of the history of corporate law has concerned itself not with shareholder power, but rather with its absence. Recent shifts in capital market structure require a reassessment of the role and power of shareholders.