Why all directors should be shareholders in the company: the case against "independence"
Data(s) |
01/12/2004
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Resumo |
It is argued that the shift towards more 'independent' directors, in the wake of corporate collapses, is a fundamentally bad move, undermining the rights and powers of minority shareholders - entrenches a second-rate corporate governance model, separation of ownership and control, in company law - rather than suggest cosmetic reform in an attempt to address the problem, it is proposed that all directors must have significant interest in the company they serve - directors' self-interests and the best interests of the company become intertwined - this is a more effective way of tackling the problem of separation of ownership and control |
Identificador | |
Idioma(s) |
eng |
Publicador |
Bond University. Faculty of Law |
Relação |
http://dro.deakin.edu.au/eserv/DU:30002662/n20040946.pdf http://search.informit.com.au/documentSummary;dn=20050018;res=AGISPT |
Tipo |
Journal Article |