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Adelphia Case study 9'2'11

Adelphia Case study 9'2'11 - David Coffman BUS 101 Section...

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David Coffman 9/2/11 BUS 101 Section HB Adelphia Case Adelphia’s system of governance was described as unusual in the article, but it could also be described as a lack of system of governance. The composition of the board of directors proved to be disastrous, resulting in many changes that had to be made to protect the owners and their interest. Unlike most board of directors, Adelphia’s had no interest in protecting their stockholders. Their only interest was to make more money. There were many actions made by the company that would not be recommended for good corporate governance. The board of directors at Adelphia did not have many true outsiders. Yes, they did have some people that didn’t directly work for the company, but all of the people on the board of directors had significant stake in the company. The ideal board of directors would be composed such that every member has little to no stake in the company. Two of the four outsiders on the board worked for power and utility companies.
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