Abstract
"Corporate governance is the set of processes, customs, policies, laws and institutions affecting the way a corporation is directed, administered or controlled."
It is made to control the decision-making power of executives so they do not have as a matter of priority their own interests: they have to respond to what the stakeholders are waiting for.
Found in 1971 and bought in 1987 by its current CEO Howard Schultz, Starbucks Corporation is the leader in the market of coffee shops. The turnover of the firm was, according to Datamonitor, $9,411.5 million in the financial year ending 2007. With more than 16 200 shops worldwide, Starbucks is still expanding its activities by entering in new geographical markets and diversifying itself.
