Managers are the owners
(No agency risk)
Tend to have:-
L/T view over S/T gains
Ethics are stronger
Possible downside:
Family feuds
Inability to move with the times and innovate
Meaning = Few groups of majority shareholders
Less risk of Agency problems
Stronger Ethically
Due to its nature, this organisational structure tends to have a
longer term outlook
Alienating the minority shareholders
Lack of transparency
Increase risk of powers being abused
International organisations will have multiple jurisdictions to deal with, with varying views on CG