Question
Do you agree or disagree that this post is the most important principle out of these three principles: Principle #1: Boards Should Have the Right
Do you agree or disagree that this post is the most important principle out of these three principles:
Principle #1: Boards Should Have the Right to Manage the Company for the Long Term
Principle #2: Boards Should Install Mechanisms to Ensure the Best Possible People in the Boardroom
Principle #3: Boards Should Give Shareholders an Orderly Voice
Principle #1 in the article explains that going public, focusing on shareholder satisfaction, and Board room organization control limits top-level managers from seeking long-term success in their operations because all of the prior elements limit officer's willingness to focus on corporate strengths and weaknesses to develop advantages and innovations for the consumer. Instead, these aspects of the modern corporate organization have managers concerned about quarterly results,the liability of fiduciary responsibility, and shareholder litigation for the negligence of their own money. In the past, officers were able to focus on strategy and performance because those exterior financial threats were understood to be the responsibility of the shareholder's group as a whole and not just the public face of the organization. Deep down i agree with this principle because in the American Market there is something to be said about how our short term tendencies can never result in the maximization of profits and performance on a domestic and global scale as opposed to Chinese or Japanese corporations that have full understanding that long-term performance and mindset will lead to long lasting and fruitful lifespans of both businesses and governments.
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