A vital question, preliminary to any discussion of changes in the methods of corporate decisionmaking is: "Who controls the corporation?" This Article explores the theoretical analyses used to determine whether management or shareholders are the ultimate locus of control and discusses what pressures each exerts on the other in order to strengthen their relative positions of power.
Thomas M. Jones,
Corporate Governance: Who Controls the Large Corporation,
30 Hastings L.J. 1261
Available at: https://repository.uchastings.edu/hastings_law_journal/vol30/iss5/2