Given the importance of governance systems in companies and to all its partners, collective responsibility of the different governance devices has been highlighted. The role of the Board which can be viewed as a body of supreme control remains highly controversial in the in different...

This article undergoes two objectives. First, it aims at understanding the relationship between the managerial activism and customers satisfaction as part of the evolution of governance marked by the the value passage of shareholder to a kind of partnership value. Second, it addresses the...