I. CORPORATE GOVERNANCE Many yearly meetings are a pay off of conviction, both for fateholders and for management. Some quantify that is straight because management is reluctant to open up on matters of intercourse channel substance. More much a non-productive sitting is the disgrace of shareholder participants who are more concerned close their patronage moment on stage than they are round the personal business of the corporation. What should be a meeting place for business backchat becomes a forum for theatrics, spleen-venting and advocacy of issues. (The deal is irresistible: for the worth of one share you cop to tell a draped audience your ideas as to how the creation should be run.) Under much(prenominal) circumstances, the quality of the meeting often deteriorates from grade to year as the antics of those implicated in themselves reprove attendance by those interested in the business. Berkshires meetings are a diametric story. The number o f shareholders attendance grows a bit each year and we have that to experience a silly drumhead or an ego-inspired commentary.2 Instead, we get a wide variety of thoughtful questions about the business. Because the annual meeting is the time and place for these, Charlie and I are skilful to answer them all, no matter how yen it takes.
(We cannot, however, respond to written or phoned questions at other times of the year; one-person-at-a-time reportage is a poor use of management time in a lodge with 3,000 shareholders.) 3 The only business matters that are off limits at the annual meeting are those about whic h candor might cost our company real money.! Our activities in securities would be the main example.4 A. Owner-Related Business Principles5 1. Although our form is corporate, our attitude is partnership. Charlie Munger and I hazard of our shareholders as owner-partners, and of ourselves as managing partners. (Because of the size of our shareholdings we are also, for better or worse, controlling partners.) We do not view the company itself as the...If you want to get a full essay, redact it on our website: OrderCustomPaper.com
If you want to get a full essay, visit our page: write my paper