New Governance Models
I very much enjoyed this article from the FT. I am not the first person to worry about the joint-stock company. Adam Smith, founder of modern economics, argued: “Negligence and profusion . . . must always prevail, more or less, in the management of the affairs of such a company.” His concern is
I very much enjoyed this article from the FT.
The point: the core structures undergirding public companies are broken, as they push companies away from any real purpose, and toward an abstract one – shareholder value – over which they all compete.
Preach!
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