3 ms·

Is corporation a monarchy?

• jimkleiber 5y ago
  Ooo, I don't know. I'd say in theory, no, at least for public corporations, as many have boards who ultimately decide who is the CEO. However, sometimes the CEO is the Chairman of the board and has a controlling share of the stocks (or votes) and yeah, may at least feel like a monarchy. I'm not too sure what the difference is between monarchy and authoritarian, I've often used the latter when looking at some companies. Others, however, can be much more democratic or else. Now I'm curious to see if there are any papers comparing company governance to nation governance using the same terms.
  • DenisM 5y ago
    I was introduced to the concept by this book: https://www.amazon.com/Corporations-Examples-Explanations-Alan-Palmiter/dp/1454802472 https://www.amazon.com/Corporations-Examples-Explanations-Al... But it’s probably a lot more than you bargained for.
    • jimkleiber 5y ago
      Sweet, checking it out now. Although Amazon doesn't have a preview, Google Books does: https://books.google.com/books?id=VC8E5JOGC3QC&printsec=frontcover#v=onepage&q&f=false https://books.google.com/books?id=VC8E5JOGC3QC&printsec=fron...
      • DenisM 5y ago
        I hope that helps. The book was illuminating to me, despite it being a textbook for law students, which I never was.