CORPORATE GOVERNANCE

Private Ownership and Corporate Governance



Private Ownership and Corporate Governance

Private ownership is pivotal in an efficient economy and thus, should not be infringed or regulated by corporate governance. I agree that private ownership is essential in a free market economy, but should it be governed by corporate governance? Researchers have revealed the inherent inadequacies that exist in corporate governance and its conventional approaches. These research, articulate a requirement to shift away from corporate governance and its current mainstream models. These models include the principle agent or finance model, the abuse of executive power model, the myopic market model and the ...