Dictatorship, democracy have their weaknesses.
By Auqust Aquila
Creating the Effective Partnership
What checks and balances exist in your firm to keep it strong but also to protect the minority interest?
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Maybe it's time for more firms to consider a republic instead of a so-called democracy. The larger firms in the country are surely run more like a republic than a democracy. Smaller firms would be well advised to change their governance to mirror the larger firms. But let's start with the dictatorial form of governance – commonly found, sometimes wildly successful, but only to a point.