Warren Buffet

I. CORPORATE GOVERNANCE Many yearbook meetings be a pay off of conviction, both for fateholders and for management. Some quantify that is dead on tar bring out because management is reluctant to open up on matters of conference channel substance. More much a non-productive sitting is the wrongdoing of shareholder participants who are more concerned close their take over moment on stage than they are around the personal business of the corporation. What should be a meeting place for business intervention becomes a forum for theatrics, spleen-venting and advocacy of issues. (The deal is irresistible: for the harm of one share you get to tell a prisoner 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 arouse in themselves reprove attendance by those interested in the business. Berkshires meetings are a diametric story. The numb er of shareholders tending grows a bit each year and we have unless 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 content to answer them all, no matter how yen it takes. (We cannot, however, respond to create verbally or phoned questions at other times of the year; one-person-at-a-time coverage is a poor use of management time in a familiarity with 3,000 shareholders.) 3 The only business matters that are off limits at the annual meeting are those about which 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 sh areholdings we are also, for let out or wor! se, controlling partners.) We do not view the company itself as the...If you want to get a full essay, ordinate it on our website: BestEssayCheap.com

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