Frankenstein, Incorporated, or fools' parliament? Revisiting the concept of the corporation in corporate governance.

From: The Advocate | Date: January 1, 2002| Author: Farrar, John | Copyright information

A corporation is a legal concept that, through the conferment of separate legal personality, provides legal recognition of bodies of persons as distinctive holders of rights under a collective name, having distinct legal consequences. (1) This is not simply a matter of form and fiction. It is the way in which law defines and regulates economic reality, though the relationship between laws and economic reality is not simple. If the corporation is regarded as a separate legal person, ...

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