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The Deepmore Company - Establishment of a Kingdom
Topic Started: Mar 11 2018, 01:12 PM (26 Views)
Rory

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For a few centuries, the Deepmore Mining Company functioned on the fringes of the Carmorlion Empire. It extracted gold found in rich deposits in the ground, using enslaved locals for its perilous extraction and processing. Those who melted the gold down into bullion carried distinct scars from splash blisters, and many locals had died from their perilous labours.

As the company grew in Value, Xaros issued shares back home to various stakeholders in the Camorlion Empire, whilst retaining a controlling interest as documented within the articles of association in the Deepmore Trading Company. Stringent administrative protocol and the great distance away from Esterios meant the Emperor lost interest in Ortheo's tear somewhat and delegated greater and greater power to company management.

As such, it developed its own nation-like system of corporate governance, where executive directors performed the functions of ministers, non-executive directors as advisors and the Managing Director served as a monarch under the oversight of the shareholders, an upper body such as the House of Lords if you will. The system was effective, although the allocation of patronage especially at local levels was plagued with an element of corruption.

The company spent the next few hundred years functioning, simply extracting gold at a sustainable pace, processing it and sending it back to Esterios for profit. The Glory of Deepmore would emerge later.
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Themed by tiptopolive of IFSZ.
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