Our culture of raiders truly needs strong challenge. Our corporations are resources to be well managed rather than prizes to be pillaged.
“the entire notion of the shareholder has to be rethought.
“In an age when a listed company’s share register suffers 90% churn each year, the very concept of “the shareholder” dissolves, corporate governance expert Professor Bob Garratt told a recent meeting of the Human Capital Forum. Calling for a ‘cultural and behavioral transformation’, Garratt declared that the first duty of directors was not to shareholders, but to the company itself.
“…to move from agency theory to stewardship theory…”