ABSTRACT

This chapter focuses on market actors involved in the classic governance relation between investors and corporations. It gives a detailed account of the interaction between the top management of large Swedish corporations and their investors, identifying three groups of owners: cross-border investors, national block-holders and national retail owners. In addition, the chapter elaborates on the structured governance interaction represented by road shows and annual general meetings. Finally, before the conclusions, it deals with the articulation of corporate governance ideas by means of corporate governance codes, global organizations and networks, as well as intermediaries in the form of rating institutes and proxy advisory services.