Page "Corporate governance" Paragraph 32

US expansion after World War II through the emergence of multinational corporations saw the establishment of the managerial class.

Studying and writing about the new class were several Harvard Business School management professors: Myles Mace ( entrepreneurship ), Alfred D. Chandler, Jr. ( business history ), Jay Lorsch ( organizational behavior ) and Elizabeth MacIver ( organizational behavior ).

According to Lorsch and MacIver " many large corporations have dominant control over business affairs without sufficient accountability or monitoring by their board of directors.