Roy C. Smith and Ingo Walter
- Published in print:
- 2006
- Published Online:
- September 2006
- ISBN:
- 9780195171679
- eISBN:
- 9780199783618
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0195171675.003.0004
- Subject:
- Economics and Finance, Microeconomics
The interests of the corporation are entrusted to a board of directors, who are the elected representatives of stockholders (the members of the corporation), who in turn appoint senior management who ...
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The interests of the corporation are entrusted to a board of directors, who are the elected representatives of stockholders (the members of the corporation), who in turn appoint senior management who direct the business of the firm. There is no US federal corporation law applicable to private-sector corporations, although there are a small number of special-purpose federally chartered corporations. The federal government does, however, seek to regulate and protect “interstate” commerce in a variety of ways — particularly through extensive regulation of the capital markets — and these affect state-created corporations significantly.Less
The interests of the corporation are entrusted to a board of directors, who are the elected representatives of stockholders (the members of the corporation), who in turn appoint senior management who direct the business of the firm. There is no US federal corporation law applicable to private-sector corporations, although there are a small number of special-purpose federally chartered corporations. The federal government does, however, seek to regulate and protect “interstate” commerce in a variety of ways — particularly through extensive regulation of the capital markets — and these affect state-created corporations significantly.
Bruce Kogut and Jordi Colomer
- Published in print:
- 2012
- Published Online:
- August 2013
- ISBN:
- 9780262017275
- eISBN:
- 9780262301572
- Item type:
- chapter
- Publisher:
- The MIT Press
- DOI:
- 10.7551/mitpress/9780262017275.003.0219
- Subject:
- Business and Management, Corporate Governance and Accountability
This chapter investigates whether a global small world of business owners and corporate directors exists. It evaluates the descriptive power of the tools of the new science of networks to understand ...
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This chapter investigates whether a global small world of business owners and corporate directors exists. It evaluates the descriptive power of the tools of the new science of networks to understand governance networks and examines how corporate control had changed in the 1990s and to whose advantage. The findings indicate that the global transnational graph is still strongly structured by national governance networks and that owners and directors are strongly connected to their national markets but loosely connected to other national governance networks.Less
This chapter investigates whether a global small world of business owners and corporate directors exists. It evaluates the descriptive power of the tools of the new science of networks to understand governance networks and examines how corporate control had changed in the 1990s and to whose advantage. The findings indicate that the global transnational graph is still strongly structured by national governance networks and that owners and directors are strongly connected to their national markets but loosely connected to other national governance networks.
