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Political governance and corporate governance

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  1. Introduction.
  2. Political and corporate governance: Similarities.
    1. The term 'governance'.
    2. Simultaneous evolution.
    3. The entrepreneur and the Industrial Revolution.
    4. The apparition of the shareholder and the parliamentary government.
    5. Managerial Capitalism and the executive power's comeback.
    6. Shareholder Capitalism and the legislative power.
    7. Simultaneous structure: Checks and balances.
  3. How does politics influence corporate governance?
    1. Foreign policy and corporate governance.
    2. The regulation of business.
  4. How do corporations influence politics?
    1. Campaign funding.
    2. Business on politics: Getting around the law.
    3. Soft money.
    4. Independent expenditures.
    5. Issue ads.
    6. Lobbying.
    7. Captured regulatory agencies.
    8. So is campaign finance reforms necessary?
  5. Conclusion.
  6. Bibliography.

The 20th century was viewed as the age of management; the early 21st century is predicted to be more focused on governance. There is a distinction between politics and governance, where the former is regarded as cooperation between people with different points of view in order to improve the situation in the country and bring profit to it and the latter is more concentrated on administration and orientating a process of ruling. But on second thoughts we still can speak both about corporate governance and political governance. According to James McRitchie corporate governance is ?most often viewed as both the structure and the relationships which determine corporate direction and performance.? The board of directors is typically central to corporate governance. Its relationship to the other primary participants, typically shareholders and management, is critical. Additional participants include employees, customers, suppliers, and creditors. The corporate governance framework also depends on the legal, regulatory, institutional and ethical environment of the community.

[...] Conclusion After taking a detailed look on the different aspects of corporate governance's history and culture, what we can finally say is that there is a vital relationship between political governance and corporate governance. In this workshop, we have strived to explain the similarities between business and politics as well as the influence that business has on politics and the essential pressure that politics has on business but the question remains at the end is what about the business of politics and how it functions. [...]

[...] Not only political and corporate governance have similarities but they also influence each other. Indeed, the interplay between these two entities is shown through politics' influence on corporate governance as well as through corporate governance's power on political governance (III) Political and Corporate Governance: Similarities 1. The term Governance In 1937, in his article Nature of the Ronald Coase uses the term ?corporate governance? to give back the corporation its place in the economic analysis. He introduced the notion of transaction costs into the understanding of why firms are founded and how they continue to behave. [...]

[...] Watergate was considered as a crime in opposition to democracy and Nixon's supporters got many corporations to supply his campaign that was also known as the Committee to Re-elect the President (CREP) It is noteworthy to emphasize on the 1974 amendments that limits campaign contributions and spending since the Federal Corrupt Practice Act of 1925 was not enforced so this was the first time that there has been a step taken towards the reformation of campaign finance law (Political Action Committees (PAC) The Political Action Committees (PACs) was introduced in 1974. [...]

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