Corporate Governance after the Death of the King: The Origins of the Separation of Powers in Companies

Research output: Journal contributionsJournal articlesResearchpeer-review

Authors

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 contributionCorporate Governance nach dem Tod des Königs: Die Ursprünge der kapitalgesellschaftsrechtlichen Gewaltenteilung
Original languageEnglish
JournalEuropean Company and Financial Law Review
Volume8
Issue number4
Pages (from-to)476-488
Number of pages13
ISSN1613-2548
DOIs
Publication statusPublished - 15.12.2011

DOI

Recently viewed

Researchers

  1. Jörn Buse

Publications

  1. Communicative Constitution Model of Organizations
  2. Influence of user characteristics on valuation of ecosystem services in Doñana Natural Protected Area (south-west Spain)
  3. A Case for Media Infrastructures
  4. The Stakes of the Stage
  5. Revisiting Sentence Adverbials and Relevance
  6. The Clave Song
  7. Arbeit
  8. § 347
  9. Habitusformen von Eltern im Kontext der Computerspielnutzung ihrer Kinder
  10. Resilience and the Sustainable Development Goals
  11. Legal and Regulatory Content for Small Satellites
  12. Supply chain management and reverse logistics
  13. Forwords
  14. Looking at workers, working with workers
  15. Leistungsbeurteilung
  16. 1. A Secular Age? The ‘Modern World’ and the Beginnings of the Sociology of Religion
  17. NFDI4DS Transfer and Application
  18. Καλλιτέχνιδες, φίλες, αδερφές, νοικοκυρές, ερωμένες, εργαζόμενες ... Ο απόηχος της φεμινιστικής καλλιτεχνικής πρωτοπορίας
  19. We Need Qualitative Progress to Address the Food-Biodiversity Nexus
  20. Trembling Time
  21. Paul A. Erickson & Liam D. Murphy. A history of anthropological theory (Fourth edition). Toronto: Univ. Press, 2013
  22. Lernmodul „Umgang mit Widersprüchen”
  23. Schema
  24. Mechanical and corrosion properties of binary Mg-Dy alloys for medical applications
  25. Risky driving behavior of novice and young drivers in different affective states
  26. Mind the Gap: Legislating for Commercial Space Activities
  27. § 289 c Inhalt der nichtfinanziellen Erklärung
  28. Physikalische modellierung und simulation des material- und strukturverhaltens thermisch gespritzter schichten
  29. Referenzmodellierung von rechnergestützten Logistikkennzahlensystemen
  30. Ergebnisse einer Validierungsstudie zum DaZKom-Testinstrument
  31. Modifizierte Rückschlagspiele