Corporate governance in agribusiness describes an agency problem resulting from separation of ownership from control in modern corporations and represents a huge cost to the shareholders. The agency problem is regulated by legal protection of minority shareholders, by constituting the Board of Directors as a Supervisory authority to monitor managers and an active agribusiness market for corporate control in agribusiness (against hostile takeover). These mechanisms are regulated by regulations on securities (at the federal level), corporate law (at the state level), and the corporate statutes, regulations and other Contracting Rules (at the company level). These regulations, laws and decrees actually define distribution of power between shareholders and managers. Such techniques of defense against takeover can be beneficial to shareholders, if managers use them to strengthen the bargaining power and increase the selling price of an agribusiness company. However, if managers use it for preservation of position and for the achievement of personal interests these regulations do not contribute to the realization of shareholders' interests.
Technology-enabled, peer-to-peer and business-to-peer platforms, commonly referred to as the "sharing economy", have grown exponentially in the past several years. These platforms offer feedback mechanisms to their users, are efficient in gaining their trust and are thus perceived as reliable providers of services and at lower prices compared to traditional service providers. The effects of these new business models are astonishing-no more than five-yearold company Uber operates in more than 250 cities all over the world and its estimated value is over $40 billion. However, such a huge success has also some downsides. First of them is the problem with the security of the data exchanged on the platforms. Secondly, collaborative platforms are difficult to monitor. Technology is the key driver of the sharing economy. At the same time, the sharing economy can significantly contribute to the technology on which it was built-by making it more popular to the wider audience. The sharing economy has proven to be successful in generating profit to their owners, but the question is will it be as successful in maintaining the trust of the consumers by ensuring their security.
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