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Topic: Business
Number of pages / Number of words: 9 / 2258
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Corporate Governance Changes

Corporate structure and focus has shifted in the past 20 years. Prior to 1980 corporate managers did not have the shareholders interest as their primary focus (Chew Jr., Gillan, 2005). This is due in part to the view corporate managers had with respect to the corporation (Chew Jr...


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Mangers believe they were representing the corporation rather than the shareholder. This view is what prompted the idea to focus on increasing growth rather than maximizing shareholder wealth. During this time frame hostile takeovers were prevalent and internal incentives for management ownership of stock options were scarce...


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