Employeeism: Corporate Governance and Employee Share Ownership in Transitional Economies

Domenico Mario Nuti ()
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Domenico Mario Nuti: University of Rome

Chapter 18 in Collected Works of Domenico Mario Nuti, Volume II, 2023, pp 407-438 from Palgrave Macmillan

Abstract: Abstract Under the heading of “corporate governance” we include problems arising when an enterprise is owned by more than one owner and managed by a hired managerial group, and also the rules and incentives appropriate to make it function as efficiently and impartially as if it were owned and run by a single owner-entrepreneur. Throughout this essay we shall refer to co-owners as shareholders, thus implicitly referring to joint stock companies; unless otherwise stated, decisional (voting) powers are presumed to be distributed in proportion to ownership. Mutatis mutandis, identical considerations apply to any form of enterprise co-ownership and attribution of decisional powers.

Date: 2023
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DOI: 10.1007/978-3-031-23167-4_18

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