Abstract
The separation of power in companies can be traced back to the sovereignty of the Kings. It first entered the stage with the chartered companies like the British East India Company. Their governance structure was based on the dualism of private investors and governors installed by the monarch. Companies survived the rise of democracy and demise of monarchy ensuing the age of enlightenment. They rose to glory in the modern world. Large listed companies are still are managed by independent entrepreneurial officers. But who took the place of the good king watching over them? The fall of the thrones left a vacuum here. This lies at the bottom of the debate on shareholder vs. stakeholder supremacy. If we understand history, we might see new ways to answer for whose benefit the company should be governed.
| Translated title of the contribution | Corporate Governance nach dem Tod des Königs: Die Ursprünge der kapitalgesellschaftsrechtlichen Gewaltenteilung |
|---|---|
| Original language | English |
| Journal | European Company and Financial Law Review |
| Volume | 8 |
| Issue number | 4 |
| Pages (from-to) | 476-488 |
| Number of pages | 13 |
| ISSN | 1613-2548 |
| DOIs | |
| Publication status | Published - 15.12.2011 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 16 Peace, Justice and Strong Institutions
Research areas and keywords
- Law
ASJC Scopus Subject Areas
- Economics, Econometrics and Finance (miscellaneous)
- Law
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