The most influential approach of corporate governance, the view of shareholders’ supremacy does not take into consideration that the key task of modern corporations is to generate and transfer firm-specific knowledge. It proposes that, in order to overcome the widespread corporate scandals, the interests of top management and directors should be increasingly aligned to shareholder’ interests by...

Machine loading problem in a flexible manufacturing system (FMS) encompasses various types of flexibility aspects pertaining to part selection and operation assignments. The evolution of flexible manufacturing systems offers great potential for increasing flexibility by ensuring both cost-effectiveness and customized manufacturing at the same time. This paper proposes a linear mathematical prog...

Public sector agencies are an important front in the day-to-day battle for political supremacy between the executive and the legislature. The executive’s key agents in this conflict are his appointees, who frequently play one of two roles: Congressional allies, where they help Congress implement policy and Congressional adversaries, where they fight with Congress to shift policy strongly toward...

Most of the research in comparative corporate governance has, implicitly or explicitly, taken the US as benchmark. But recent corporate scandals, such as Enron and Worldcom, question this alleged supremacy. What went wrong? In this chapter we claim that the problem is not just lack of appropriate disclosure or legislation, but a more fundamental one: deficient incentives for the media to expose...

Life in today's global village has two ontological and epistemological aspects. One problem of the globalized world related to these two aspects, which will be discussed in this article first is the fact that the civilization of the globalized world has, in some ways, been disconnected from its culture, since civilization moves towards collectivism whereas culture moves towards ind...

subject in the following involved, not to say ungrammatical, sentence: " I may add that, as Surgeon to the Evelina Hospital for Children, these deformities of the body have occupied much of my thought and attention, with an earnest desire to erase from the chapter of accidents as many as possible of such unsightly disfigurements; so that in the inevitable struggle for supremacy, in after life, ...