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

Research output: Journal contributionsJournal articlesResearchpeer-review

Standard

Corporate Governance after the Death of the King: The Origins of the Separation of Powers in Companies. / Schall, Alexander.
In: European Company and Financial Law Review, Vol. 8, No. 4, 15.12.2011, p. 476-488.

Research output: Journal contributionsJournal articlesResearchpeer-review

Harvard

APA

Vancouver

Bibtex

@article{14378633f76b4f5aab8df9c8b5a41e41,
title = "Corporate Governance after the Death of the King: The Origins of the Separation of Powers in Companies",
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.",
keywords = "Law",
author = "Alexander Schall",
year = "2011",
month = dec,
day = "15",
doi = "10.1515/ECFR.2011.476",
language = "English",
volume = "8",
pages = "476--488",
journal = "European Company and Financial Law Review",
issn = "1613-2548",
publisher = "Walter de Gruyter GmbH",
number = "4",

}

RIS

TY - JOUR

T1 - Corporate Governance after the Death of the King

T2 - The Origins of the Separation of Powers in Companies

AU - Schall, Alexander

PY - 2011/12/15

Y1 - 2011/12/15

N2 - 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.

AB - 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.

KW - Law

U2 - 10.1515/ECFR.2011.476

DO - 10.1515/ECFR.2011.476

M3 - Journal articles

VL - 8

SP - 476

EP - 488

JO - European Company and Financial Law Review

JF - European Company and Financial Law Review

SN - 1613-2548

IS - 4

ER -

DOI