Warren Buffet

I. CORPORATE GOVERNANCE Many yearbook meetings ar a pay off of conviction, both for fateholders and for management. Some quantify that is unbent because management is reluctant to open up on matters of talk channel substance. More much a non-productive sitting is the crack of shareholder participants who are more concerned close their tire moment on stage than they are about the personal matters of the corporation. What should be a meeting place for business intelligence becomes a forum for theatrics, spleen-venting and advocacy of issues. (The deal is irresistible: for the price of one share you get hold to tell a confined audience your ideas as to how the creation should be run.) Under such circumstances, the quality of the meeting often deteriorates from grade to year as the antics of those interest in themselves reprove attendance by those interested in the business. Berkshires meetings are a diametric story. The number of shareholders car e grows a bit each year and we have insofar to experience a silly drumhead or an ego-inspired commentary.2 Instead, we get a wide variety of thoughtful questions about the business. Because the annual meeting is the time and place for these, Charlie and I are expert to answer them all, no matter how yen it takes.

(We cannot, however, respond to compose or phoned questions at other times of the year; one-person-at-a-time insurance coverage is a poor use of management time in a connection with 3,000 shareholders.) 3 The only business matters that are off limits at the annual meeting are those about whic h candor might cost our company real money.! Our activities in securities would be the main example.4 A. Owner-Related Business Principles5 1. Although our form is corporate, our attitude is partnership. Charlie Munger and I hazard of our shareholders as owner-partners, and of ourselves as managing partners. (Because of the size of our shareholdings we are also, for expose or worse, controlling partners.) We do not view the company itself as the...If you want to get a full essay, lodge it on our website: BestEssayCheap.com

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