{"id":25084,"date":"2023-06-06T11:40:11","date_gmt":"2023-06-06T16:40:11","guid":{"rendered":"https:\/\/pdv-a.com\/?p=25084"},"modified":"2023-06-15T14:01:52","modified_gmt":"2023-06-15T19:01:52","slug":"costo-de-agencia-estrategia-y-gobernanza","status":"publish","type":"post","link":"https:\/\/pdv-a.com\/en\/2023\/costo-de-agencia-estrategia-y-gobernanza\/","title":{"rendered":"Agency Cost, Strategy, and Governance"},"content":{"rendered":"

An optimal Agency Cost model should always prioritize the well-being of the company over short-term benefits for its shareholders. Such a model would acknowledge, first and foremost, that corporations are independent entities with the potential for indefinite existence. With proper leadership, they can be managed to serve markets and society over long periods of time.<\/em><\/p>\n

El costo de la agencia pasa por alto. en gran medida estas caracter\u00edsticas \u00fanicas y socialmente valiosas de las corporaciones, as\u00ed como los desaf\u00edos asociados a la gesti\u00f3n a largo plazo, bas\u00e1ndose en la idea de que las corporaciones son meras \u00abentidades legales<\/em>\u00ab.<\/p>\n

Agency Cost and the Role of Corporations<\/strong><\/h5>\n

While corporations are legal constructs, this by no means renders them artificial. They are economic and social organisms whose creation is authorized by governments in order to achieve goals that cannot be accomplished through more limited organizational forms, such as partnerships and individual ownership.<\/p>\n

Initially, a corporation's objectives were set forth in its articles of incorporation, but over time, the form became more generic to allow corporations to pursue a wide variety of goals chosen by their boards of management and governance.<\/p>\n

As their size and scope increase, so does their power. The decisions made by corporate leaders today can transform societies and impact the lives of millions, even billions, of people worldwide.<\/p>\n

An effective model would recognize the realities of managing these organizations over time and address the needs of all stakeholders. The reality of corporations can be subject to the following principles:<\/p>\n