Yet, when it comes to sticking points like detailing manager pay, scuttling the interests of management companies, and adhering to a level playing field, it's just the same old spin.
The common interests of management and labour are expressed in works councils.
Barnes at Deloitte said: "We categorically disagree that auditors typically place the interests of management over shareholders".
Troubles can arise once the money stops coming in, and the interests of management and owner diverge to the point where they conflict.
The second is that it is extremely difficult to find "correct" executive compensation schemes that will align the interests of management and shareholders.
Corporate governance experts do not typically fret about such payouts since they help align the interests of management with those of investors more equally than other compensation practices.
Still, Michael Klein convinced Schwarzman that Blackstone could retain many of the benefits of private ownership, and that it would be able to align the interests of management and investors.
The plan "champions the interests of management, and leaves in its hands a tremendous potential for control and misuse of state assets," Mr. Illarionov said at a news conference.
The Alliance Trust Shareholder Action Group welcomed the changes, in particular Garrett-Cox's demotion from the main board, as "the company seemed to be being run more in the interests of management than investors".
