Corporate Governance Analysis: Arcelor Mittal Case Study, ACC03043

This case study examines the corporate governance structure of Arcelor Mittal, focusing on the 2006 merger between Arcelor and Mittal Steel. The analysis delves into the board architecture, highlighting the transition from Arcelor's European governance model to the new structure. The study explores the implications of Mittal's dominant voting rights, the advantages and disadvantages of the unitary board system, and the roles of institutional investors. It discusses the impact of the merger on shareholder rights and the exercise of voting power. The case study also touches on the composition of the board, including non-executive directors, employee representatives, and the Mittal family's influence. The document provides insights into the challenges and benefits of the chosen governance model, offering a comprehensive view of the corporate governance dynamics within Arcelor Mittal.