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Max Planck Encyclopedia of Comparative Constitutional Law [MPECCoL]

Corporations

Jedidiah Kroncke, Michael Riegner

From: Oxford Constitutions (http://oxcon.ouplaw.com). (c) Oxford University Press, 2021. All Rights Reserved.date: 27 January 2021

Subject(s):
Comparative constitutional law — Corporations

General Editors: Rainer Grote, Frauke Lachenmann, Rüdiger Wolfrum.
Managing Editor: Ana Harvey

1 The corporation is a central form of modern social organization that rivals states in economic significance, bureaucratic performance, governance capacity, and impact on social and cultural life (Baars and Spicer). The corporate form is a feature of all contemporary varieties of capitalism and constitutionalism. Yet, there remain considerable differences and difficulties of comparison that begin with the very definition of the concept. At a minimum, a corporation designates an entity that is legally separate from its members and the state, enjoys its own...
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