A SOCIAL-CAPITALIST VIEW ON CORPORATE GOVERNANCE A NEW POST-MODERN PERSPECTIVE

After defining the issue, the essay explores some aspects of the current Corporate Governance: Weaknesses of traditional Corporations, containing: 1. Lack of vision and goals, 2. TooFormalistic Management Style, 3. Minimal care for Social Affairs, and 4. Doubtful stands on Environment Protection. Further, desired characteristics of future corporation are detailed: 1. Adopting updated and advanced Managing Methods, 2. Endorsing Capital-Labor balanced relations, 3. Improving Compliance with Food & Health demands and 4. Enacting updated Command and Control practices. Finally, some of the implementation problems are discussed. In general, the Author points out that the meaningful transformation of the 21st Century - the move from the Modern to the Post-modern Order - also forces the Corporate Governance to change. It should be upgraded from the former, formal setup, responsible only to its shareholders into a much more transparent and trustful system, responsible to a broader body of stakeholders. As faster such a transformation will be, so better and more fruitful it will be, for the corporation and its owners.