1.   Finally, some fresh methods by which managerial power might be justified will be explored.

2.   Firstly, the justification given by the model for vesting substantial managerial power in the hands of the directors will be investigated.

3.   In the following two sections the two strategies employed by this model to legitimate corporate managerial power will be examined more closely.

4.   Instead they prefer simply to tinker with the particular mechanisms advocated for controlling corporate managerial power.

5.   It justifies managerial power by showing that those who are affected by it are involved in making managerial Decisions.

6.   Neither the Market nor the internal structuring of power within the company is accepted as a viable means of constraining managerial power.

7.   That method depended, as we have seen, on managerial power being limited in two ways.

8.   The problem of how to legitimate managerial power must be tackled from an entirely new perspective.

9.   The two major components of these new managerial powers and responsibilities are financial delegation and staffing delegation.

10.   But in exchange for the package of benefits, the city is being required to yield more managerial power to the control board.