How The First English Companies Were Governed
How were the first English Companies governed? Actually far better than today's companies are but that is a much longer story. Who invented the two-tier Board? I bet you can guess but everyone I have ever asked has got it wrong. Let's go back to 16thC England and have a look. [Excerpt from Realipolitik, numerous footnotes sadly extracted as they don't work well on a blog (too much paging up and down)] "A thousand years ago the Italian merchant states of Florence, Venice, Genoa et al were far ahead in business. They utilised Commenda and Societas, partnership structures that date