The purpose ofthis paper is toexaminethe relevance of"governance" applied tothe Mediterranean region."Governance"is the most often described as afuzzyconcept, usedin a normativesense: "Good governance".This leads manyresearcherstoreject this conceptandto denyanyheuristicorconceptual nature.yet theterm is necessaryin everyday languageand eventhose who refuse to usefaceits useorits recurrencein the literature.
Whileone wonders aboutthe business of thetwenty-first centuryand "the companypost-crisis",it is usefulto return to theoriginalcompanyof the twentieth century.Under what conditionsit isborn?Whatexplains theformsthat we know?And what arethe foundationsthat couldnowbe challenged?Berle and Meansprovidea historicalinterest, sincetheir bookThe ModernCorporationand Privateporperty(1932)analyzes theemergence ofmodern businessin the early the twentieth century.