Beyond Borders, Beyond Banking by Heather A. Clark

Author:Heather A. Clark
Language: eng
Format: epub
ISBN: 9789811516870
Publisher: Springer Singapore

6.4.1.1 The Thinking Behind the Creation of ASA Inc.

The thinking behind the creation of ASA Inc. centered on the logic of investments and investors. Dr. In Channy felt that creating a profitable enterprise without employee ownership would eventually lead to confusion and disappointment among staff. He reasoned that at some point in the future, the Bank would make a profit, and he posed these questions:Why would the initial shareholders want to include others?

Even if the initial shareholders developed a well-executed exit strategy, why would they want to include staff as owners?

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