Over the last 30 years, then, we can observe
a struggle for the right of representation and
public debate in corporate governance. Characterised
by mass ownership and growing
stakeholder activism in all four of the countries
under consideration in this study, capitalism
today makes much more open and
intensive use of debates and contests than it
did in the past (Romano, 2002; Turnbull, 2002),
and differences of opinion are subject to
increasing media attention.