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stock′own′er·ship′ n.
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While the fiduciary rather than the strategic/social focus of the current approach to improved corporate governance has merit, there is considerable evidence to suggest that boards that fail to challenge and advise management effectively destroy more stockowner wealth than management fraud or corruption.
As a result, the holding of the company's primary stockowner, 36.
To date, around two dozen lawsuits have been filed, some of them by big investors, but others by individual stockowners and pension funds like the City of Austin Police Retirement System.