Liberals are not Against Big Corporations

The history of corporations reaches back to the medieval era when a group of people or a company would be authorized by the state to act as a single entity and recognized as such in law to carry out specific tasks. Since – constitutions and policies around corporate formation have changed. Registered corporations possess legal identity, and their shares are owned by shareholders whose liability is generally limited to their investment. Hence, they do not actively manage a corporation. Shareholders instead- elect or nominate a board of directors to control the corporation in a fiduciary breadth. Because of their given…...