Tuesday, October 6, 2009

The Ten Commandments of the Public Corporation

1. The interests of the shareholders take precedence before all other interests
2. Management should never dishonor the shareholders
3. The shareholders will rule on the affairs of the corporation at least once each year
4. Management answers to the board, which represents the shareholders
5. Management should never take actions that might harm society
6. Management should never take actions that might harm the shareholders
7. Management should never personally assume the power of the corporation
8. Management must fully and transparently disclose its actions
9. Management should never cheat or act unethically
10. Management's compensation should be fully aligned with sustainable shareholder interests

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