# kaal:claim:3441904-002

**Claim.** Shareholder activism reform, taken by itself, has been unable to sufficiently improve the corporate governance system.

**Type.** failure  **Support.** evidenced

**Holds when.**

- United States corporate governance

**Source quote.**

> Shareholder activism reform by itself has been unable to sufficiently improve the corporate governance system.

**From.** Wulf A. Kaal, *Blockchain-Based Corporate Governance* (2019), I. Introduction, page 4

**Cite as.** Wulf A. Kaal, Blockchain-Based Corporate Governance (2019). SSRN: https://ssrn.com/abstract=3441904

**Verify.** sha256 of source PDF `e6b562527f7f19accaa35491db0a0db168b6a936755e1dca424e9f30bee7a815` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202019%20-%20Blockchain-Based%20Corporate%20Governance.pdf

**Failure mode.** activism-insufficiency  (family: board-and-oversight-failure)

**Topics.** corporate-governance, governance-design

**Keywords.** shareholder-activism, corporate-governance, regulatory-reform

**Related claims.**

- restates: https://wulfkaal.github.io/claims/3373393-013

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.