What are the ties dictating how a firm or a company is governed? Are there really permanent dividing lines between legitimacy of corporate executives, organizational legitimacy, and the control of power?
Corporate governance can only really be understood in terms of prevailing doctrine: it is the very same people who legitimize public authority and private-sector power. This means that governance history has to be weighed up alongside patterns of change in democratic doctrine.
This has been the project led by Gomez, P.-Y. and H. Korine, and encapsulated in the paper “Democracy and the evolution of Corporate Governance, Corporate Governance: An International Review, 13, 6, 2005, pp. 739-752, an article that led Cambridge University Press to publish their book, Entrepreneurs and Democracy
To download: Gomez Korine Corporate Governance 2005