How have Berle and Means' idea of the separation of ownership and control affected ideas about the governance of UK and US companies?
Declared in 1932 under the Business History Review, Vol. 83, No. 3, Gardiner Means and Adolf Berle asserted that ownership control and separation was a stepping stone, and that affected corporations’ performance in the United States, based on their characterization (Marks, 1999).
Application of separation
According to Means and Berle, ownership and control separation involves cases whereby the publicly owned businesses and corporations do not give the shareholders much power within the corporations, particularly, in decision making for the corporation ( ...