When neither democracy nor dictatorship works, there is a third way.
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?
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.
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