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by avmich
2840 days ago
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> At no point in any of this does any type of governmental authority have any say whatever concerning how the company should be managed and for whose benefit (government has a role in a technical sense only in providing a state charter giving the corporation a legal existence and in non-management aspects such as having the power to tax the entity and to enforce broadly applicable criminal and regulatory laws against it, e.g., laws against securities fraud or illegal securities offerings). The proposal looks like an attempt to model interactions between corporations and people with more nuances. Obviously corporations don't exist in vacuum. Government provides states charter not as a matter of tradition. The corporate registration has its uses. What this proposal does is more accurately reflects interactions between corporation, existing in an environment governed by the government (country), and that environment. Corporation interacts with the country when hiring employees, selling goods or going to courts. Since all of that affects the country in various ways, it seems natural for the country to look for ways to consider its interests. |
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