Publication
How low can it go - corporate governance at Millennium Bcp
| Summary: | How low can it go is a case study, supported byteaching notes, which describesthe circumstances that ledto asignificant decrease on the stock price of Millennium BCP, the biggest Portuguese private bank. The case highlights the impactsofa failed succession plan on apublic institution, the consequentshareholder fight and the opacity which characterized the management of the bank.The governance modelrevisionsbrought no stability to the bank which leditsstock priceto a residual value. The initial separation between management and ownershipand the different shareholders’ interestsmade it very difficult for shareholders tolatercontrol and set astrategy for the bank. |
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| Main Authors: | Lima, Rui Miguel Duarte |
| Subject: | Banking Corporate governance Succession plan Market manipulation. |
| Year: | 2020 |
| Country: | Portugal |
| Document type: | master thesis |
| Access type: | open access |
| Associated institution: | Universidade Nova de Lisboa |
| Language: | English |
| Origin: | Repositório Institucional da UNL |
| Summary: | How low can it go is a case study, supported byteaching notes, which describesthe circumstances that ledto asignificant decrease on the stock price of Millennium BCP, the biggest Portuguese private bank. The case highlights the impactsofa failed succession plan on apublic institution, the consequentshareholder fight and the opacity which characterized the management of the bank.The governance modelrevisionsbrought no stability to the bank which leditsstock priceto a residual value. The initial separation between management and ownershipand the different shareholders’ interestsmade it very difficult for shareholders tolatercontrol and set astrategy for the bank. |
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