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The primary reason for the divergence of objectives between managers and shareholders has been attributed to separation of ownership (shareholders) and control (management) in corporations. As a consequence, agency problems, or principal-agent conflicts exist in the firm.
nationalize
Land ownership was taken over mainly by the businesses.
The divorce between ownership and control is when the shareholders (ownership) and the control (agents (board of directors, CEO etc)) have clashing view. Eg when Kraft pledged the bid to take over Cadbury, a majority shareholder named Warren Buffett didn't agree with the boards decision. This is know as 'The Divorce Between Ownership And Control)
as you change from being a sole trader to suppose a partnership or a limited liability company you lose control and ownership, but then your business benefits from this and grows
Capitalism. type of profit control?
§ Problems of management § Maintaining effective communication § Co-ordinating activities - often across the globe! § De-motivation and alienation of staff § Divorce of ownership and control
1)Separate Legal Existence2)Common Seal3)Transferability of Shares4)Limited Liability5)Perpetual Succession6)Voluntary Association7)Artificial Legal Persons8)Separation of Ownership and Control9)Corporate Finance10)Statutory Regulation And Control
The laws of real property and probate in the state where the property is located control ownership.
Full Control is the only permission that allows "Take Ownership".
In aviation, approach control provides separation and flow in the terminal environment.
changing something from state to private ownership or control.