2009年12月13日

Stockholders vs Stakeholders

Controlling Corporations: Stockholders vs Stakeholders
http://daviddfriedman.blogspot.com/2009/11/controlling-corporations-stockholders.html

なかなか興味深い。
ちょっと久しぶりにDavid FriedamannのBlogを読んでみた。

<It follows that the stockholder is dependent, very much more than the other stakeholders, on other mechanisms for controlling a firm to make it act in his interest. That is a strong argument in favor of the current mechanism for corporate control and the current legal rules defining the fiduciary obligation of the directors.

Indeed, it is an argument for more than that. It is an argument for strengthening stockholder control in order to provide more protection to the most vulnerable party in the network of relationships that makes up a corporation. One way of doing so would be by removing current legal barriers that make takeover bids more difficult, and so protect managers and directors from the consequences of serving their own interests at the expense of the stockholders whose interests they are supposed to be serving.>
posted by libertarian at 01:10| 東京 ☀| Comment(0) | TrackBack(0) | David Friedman | このブログの読者になる | 更新情報をチェックする
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