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Towards good corporate governance Realistic or idealistic?

Towards good corporate governance Realistic or idealistic? In a privately owned company, the owner rules the roost and controls the decision‐making process. Flotation changes all that. Going public diffuses ownership among a wide range of shareholders who paradoxically become peripheral figures as far as power and control are concerned. Control shifts to the hands of executives responsible for the assets of the shareholder. Fundamentally, the role of management is to make decisions that help to maximize profits for these investors. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Strategic Direction Emerald Publishing

Towards good corporate governance Realistic or idealistic?

Strategic Direction , Volume 20 (9): 3 – Sep 1, 2004
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References (1)

Publisher
Emerald Publishing
Copyright
Copyright © 2004 Emerald Group Publishing Limited. All rights reserved.
ISSN
0258-0543
DOI
10.1108/02580540410556429
Publisher site
See Article on Publisher Site

Abstract

In a privately owned company, the owner rules the roost and controls the decision‐making process. Flotation changes all that. Going public diffuses ownership among a wide range of shareholders who paradoxically become peripheral figures as far as power and control are concerned. Control shifts to the hands of executives responsible for the assets of the shareholder. Fundamentally, the role of management is to make decisions that help to maximize profits for these investors.

Journal

Strategic Direction – Emerald Publishing

Published: Sep 1, 2004

Keywords: Corporate governance; Finances; Shareholders; US

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