The Genesis of Corporate Governance
This chapter examines the development of corporate governance over time and seeks to understand why it has become such a matter of debate today. It first looks briefly at the manner in which it has developed, concentrating on the changing balance of power between the main players on the corporate stage, shareholders, boards of directors, and managers. It then discusses the reasons for its recent and rapid emergence as a major and international issue.
Keywords: corporate governance, power, shareholders, boards of directors, manager
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