000			01481cam a2200181 4500500
005			20250112031832.0
041			_afre
042			_adc
100	1	0	_aLe Bris, David _eauthor
700	1	0	_a Goetzmann, William N. _eauthor
700	1	0	_a Pouget, Sébastien _eauthor
245	0	0	_aThe Mills Companies in Occitanie: Emergence and Governance of Centuries-Old Joint-Stock Companies
260			_c2018.
500			_a97
520			_aStarting from the Middle-Age, a novel type of corporate governance developed on the banks of Occitanian rivers to manage mills organized as shareholding companies. To address timeless issues created by the separation between ownership and control, these companies find solutions that are often very close to modern ones. Shareholders benefit from limited liability, take major decisions during general assembly meetings, nominate directors and account auditors to look after their interests and put in place monitoring policies. Other aspects are more original such as a policy of no free-cash-flows, directors with annual mandates, and the obligation for a designated shareholder to work for the good of the company. To understand this original governance, the context of the emergence of these companies is first presented. JEL Codes: G32, G34, N5, N23.
786	0		_nRevue d'économie financière | 130 | 2 | 2018-07-27 | p. 55-69 | 0987-3368
856	4	1	_uhttps://shs.cairn.info/journal-revue-d-economie-financiere-2018-2-page-55?lang=en
999			_c157142 _d157142