Charities don’t have “owners”. Nor do corporations, if you consider how limited shareholder rights are, compared with owning a car or a pair of shoes. Yet the experience of board work at charities has left me with a sense of ownership – psychological ownership – that arose before I was even invited to join the board. In a new article at Management Research Review, I explore this feeling of attachment, and how it differs profoundly from the sort of “stewardship” now expected of institutional investors in listed companies. See also https://ssrn.com/abstract=3699330