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Dealing with the Unexpected: The Board of Directors and Takeovers

In: Winning Ways through Corporate Governance

Author

Listed:
  • Neville Bain
  • David Band

Abstract

Ever since Berle and Means, in their famous work The Modern Corporation and Private Property (1934), documented the problems relating to the separation of ownership and control in business, corporate governance practitioners and students have been concerned with the issue of managerialism. Berle and Means suggested that the diffusion of share ownership was one of the main reasons for the increasing influence of managerialism. As shareholders are diffused, they argued, the likelihood of co-ordinated action by shareholders declines.

Suggested Citation

  • Neville Bain & David Band, 1996. "Dealing with the Unexpected: The Board of Directors and Takeovers," Palgrave Macmillan Books, in: Winning Ways through Corporate Governance, chapter 5, pages 93-107, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-14158-6_5
    DOI: 10.1007/978-1-349-14158-6_5
    as

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