Type

Journal Article

Authors

Niamh Brennan

Subjects

Business

Topics
limited liability managers governance people corporate governence entrepreneurialism companies board

Businesses' quid pro quo (2018)

Abstract The word governance comes from a Latin word – gubernare – which means to steer. Cicero wrote: “He that governs sits quietly at the stern and scarce is seen to stir”. Thus, many conceptualise the board as being the navigator of the company and pictures of sailing boats often accompany the term. In The Wealth of Nations, published in 1776, Adam Smith noted that directors of companies are managers of other people’s money rather than their own. He pointed to the risk that they would not watch over the money of others with the same anxious vigilance as they would their own – and that is part of the problem with governance.
Collections Ireland -> University College Dublin -> School of Business
Ireland -> University College Dublin -> Business Research Collection
Ireland -> University College Dublin -> College of Business

Full list of authors on original publication

Niamh Brennan

Experts in our system

1
Niamh Brennan
University College Dublin
Total Publications: 106