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Separation of Ownership and Control Stock Ownership As A Bundle of Rights

This document discusses two waves of corporate governance theory. The first wave focused on the separation of ownership and control in corporations, with stock ownership representing a bundle of rights. The second wave examined the separation of actual control from voting rights, with control itself being a separate bundle of rights within the larger bundle of stock ownership rights.

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Russell Stanley Que Geronimo
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30 views

Separation of Ownership and Control Stock Ownership As A Bundle of Rights

This document discusses two waves of corporate governance theory. The first wave focused on the separation of ownership and control in corporations, with stock ownership representing a bundle of rights. The second wave examined the separation of actual control from voting rights, with control itself being a separate bundle of rights within the larger bundle of stock ownership rights.

Uploaded by

Russell Stanley Que Geronimo
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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FIRST WAVE

Separation of Ownership and Control


Stock Ownership as a Bundle of Rights

Ownership
Control

SECOND WAVE
Separation of Actual Control and Voting Rights
Control as a Bundle of Rights within a Bundle of Rights

Ownership
Actual
Voting Control
Rights

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