Bob Monks is putting some excellent material on his web site about words that that seem straightforward but whose meanings has become less and less clear to me ….We all know what these words mean in a literal sense but in the context of governance, of business and of our post-crash world do they still mean the same thing?
http://www.ragm.com/blog/The-Appearance-of-Reality-Board-Elections
http://www.ragm.com/blog/The-Appearance-of-Reality-Shareholders-Ownership
His quote on Berkshire Hathaway is (as usual) the right stuff:
The Board Director Training Institute (BDTI) is a "public interest" nonprofit in Japan dedicated to training about directorship, corporate governance, and related management techniques. It is certified by the Japanese government to conduct these activities as a regulated nonprofit. Read a summary about BDTI here, and see a menu of its services for both corporations and investors here.